P Ltd Acquired 80% of S Ltd for a Consideration

P Ltd acquired 80% of S Ltd for a consideration of $500 000.At the date of acquisition,the following information is available: $\begin{array}{l}\text { S Ltd issued capital } &\$350,000\\\text { Retained earnings } &\$ 160,000 \\\text { Fair value of land }& \$ 200,000\\\text { (carrying amount } \$ 100000 \text { ) }\\\text { Fair value of } \mathrm{NCl}&\$150,000\\\text { Tax rate } 30 \%\end{array}$
- Using the fair value (100% goodwill) method,the goodwill on acquisition is:

A) $140 000.
B) $186 000.
C) $70 000.
D) none of the above.