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Paul Ltd owns 60% of John Ltd and both companies have a financial year end of 30 April.On 30 April 20X0, John Ltd sold a non-current asset to Paul Ltd for $1 million profit.The remaining useful life at sale date was 10 years.Both entities assume the same total useful life, zero residual amount and use straight-line depreciation.Paul Ltd is currently preparing the financial statements for the year ended 30 April 20X2.Profit for that year (unadjusted for consolidation matters) is Paul $5 million, John $3 million.What is the NCI share of John Ltd's profit for the year?
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