On 1 January 20X0, Scud Pty Ltd Entered into a Joint

On 1 January 20X0, Scud Pty Ltd entered into a joint venture with three other parties.Each party is to share equally, and all parties made their contributions to the venture on 1 January 20X0.If the total fair value of all the joint venture assets on 1 January 20X0 was $1 200 000 and included in Scud Pty Ltd's contribution was cash of $150 000; what was the fair value of the other assets contributed by Scud Pty Ltd?

A) $50 000
B) $150 000
C) $300 000
D) Not able to be determined form the information