Unity Limited acquired 100% of the share capital of Bellvista Limited for $300 000. Bellvista had total shareholder's equity of $200 000. The book values of Bellvista Limited's assets were: buildings $100 000, machinery $120 000. The fair values of these assets were: buildings $180 000, machinery $140 000. The tax rate is 30%. The acquisition analysis will determine:

Select one:

a. a gain on bargain purchase of $100 000.

b. a goodwill of $30 000.

c. a goodwill of $80 000.

d. a gain on bargain purchase of $20 000.