Hlayisani Ltd acquired 60% of the voting shares of the Mashele Ltd on 31 January 2014 for items of equity in the books of Mashele Ltd on that date were retained income of R45 000, revaluation surplus of R10 000 and share capital of R58 000. Calculate the amount of goodwill/ (gain on bargain purchase) realized by Hlayisani Ltd on 31 January 2014. LGA

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