Prepare the acquisition analysis to determine the goodwill/gain that needs to be recognised on acquisition of Tokyo Ltd.

On 1 July 2022, Bird Ltd acquired all the issued shares of Tokyo Ltd for $174,800. At this date, the equity of Tokyo Ltd consisted of share capital of $80,000 and RE of $68,800. All the assets and liabilities of Tokyo Ltd were recorded at fair value except the following (refer attachment).

It was estimated that Plant had a further life of 10 years and was depreciated on a straight-line basis.

All the inventories were sold by 30 June 2023.

	CA	FV
Patent	60,000	72,000
Plant (cost $80,000)	40,000	48,000
Inventory	21,600	28,000