Undervalued and unrecorded assets, unrecorded liabilities

just help to exaplain the Q2 I canot understand why the equipment is 50000

On 1 July 2024, Belka Ltd acquired all the issued shares of Nungatta Ltd for a cash consideration of $1 200 000. At that date, the financial statements of Nungatta Ltd showed the following information.

Share capital	$800 000
General reserve	50 000
Retained earnings	300 000

All the assets and liabilities of Nungatta Ltd were recorded at amounts equal to their fair values at the acquisition date, except some equipment recorded at $30 000 below its fair value with a related accumulated depreciation of $80 000. Also, Belka Ltd identified at acquisition date a contingent liability related to a lawsuit where Nungatta Ltd was sued by a former supplier and attached a fair value of $20 000 to that liability.

Required

1. Prepare the acquisition analysis at 1 July 2024.
2. Prepare the consolidation worksheet entries for Belka Ltds group at 1 July 2024, assuming that Nungatta Ltd has not revalued the equipment in its own accounts.
3. The equipment price which is 30000 and the contigent liabilities of 20000, isit fair value or the carrying amount?
4. In this question how are we supposed to know the differential amount for Calculation of BCVR?