Aus Ltd Has Control Over Hong Ltd $\quad$ $\quad$ HK$100 =

Multiple Choice

Aus Ltd has control over Hong Ltd.The functional currency of Hong Ltd is HK$, its domestic currency.On 28 February 20X4 Hong Ltd purchased a building for HK$8 million.Aus Ltd uses its domestic currency, the A$, as its presentation currency.
The relevant spot rates are:
28 February 20X4 $\quad$$\quad$ HK$1.00 = $\quad$ A$0.22
1 July 20X6 $\quad$$\quad$$\quad$$\quad$ HK$1.00 = $\quad$ AS0.20
30 June 20X7 $\quad$$\quad$$\quad$ HK$1.00 = $\quad$ A$0.17
-What is the amount of this building in Aus Ltd's consolidated financial statements for the reporting period ending 30 June 20X7?

A) $1 600 000
B) $1 360 000
C) $10 000 000
D) $2 000 000