Question: On 1 July 2 0 2 1 Alpha Ltd acquired a 4 0 % share of Beta Ltd . At that date, thefollowing assets had

On 1 July 2021 Alpha Ltd acquired a 40% share of Beta Ltd. At that date, thefollowing assets had carrying amounts different to their fair values in Beta's books:AssetCarrying amountFair valueInventories$18000$20000Plant$30000$35000All inventories were sold to third parties by 30 June 2022. On 1 July 2021, the plant had a remaining useful life of 2 years. The tax rate is 30%.The adjustment required to the Investment in Associate account at 30 June 2022 in relation to the above assets is:

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