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Sydney Ltd acquired a 78% interest in Brisbane Ltd on 1 July 2014 for $935,000 On the same date, the balance of shareholders' equity of

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Sydney Ltd acquired a 78% interest in Brisbane Ltd on 1 July 2014 for $935,000 On the same date, the balance of shareholders' equity of Brisbane Ltd comprised: Share capital $250,000 General reserve $140,000 Retained earnings $179,000 $569,000 All assets are recorded at their fair values except for an item of plant, which had a fair value of S194,000 and a carrying amount of $152,000 (original cost $406,000). The remaining useful life of the plant at the date of acquisition is 10 years. The fair value of the NCI in Brisbane Ltd on 1 July 2014 was $530,000. acquisition is 10 years. The fair value of the NCI in Brisbane Ltd on 1 July 2014 was $530,000. The journal entries to record for Sydney Group as well as NC for the pre-acquisition equities at 30 June 2017 are as follows: Share capital General reserve Retained earnings BCVR Goodwill Investment in Brisbane $935,000 Share capital aaa General reserve bbb Retained earnings CCC BCVR ddd NCI XXX Calculate and enter the amount of xxx in the answer block below

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