Undervalued assets, full and partial goodwill method  LO4, 7 On 1 July 2019, Adeline Ltd acquired 75% of the issued shares of Christina Ltd for $360 000. At this date, the equity of Christina Ltd consisted of share capital of $200 000 and retained earnings of $130 000. All the identifiable assets and liabilities of Christina Ltd were recorded at amounts equal to fair value except for the following. Carrying amount Fair value Machine (cost $25 000) $ 10 000 $ 12 000 Plant (cost $200 000) 100 000 140 000 Inventories 25 000 33 000 Christina Ltd also had an internally generated patent not recognised at 1 July 2019. Adeline Ltd assessed the fair value of that patent at $50 000. The tax rate is 30%. Required 1. Prepare the acquisition analysis at 1 July 2019 assuming that Adeline Ltd used the partial goodwill method. 2. Prepare the acquisition analysis at 1 July 2019 assuming that Adeline Ltd used the full goodwill method and the fair value of the non‐controlling interest at 1 July 2019 was $110 000.