Biotech Limited acquired 80% of the share capital and reserves of Vaccine Limited for $300 000. Share capital was $200 000 and reserves amounted to $100 000. All assets and liabilities were recorded at fair value except buildings which was recorded at $20 000 below fair value. If the company tax rate was 30%, and the partial goodwill method was adopted, the NCI share of equity at the date of acquisition was:

Select one:

$60 000

$62 800

$64 000

$48 800