On January 18th of the current year, J Inc. acquired 85% of the shares of K Inc. from an arm’s length person. At that time, K Inc. owned two non-depreciable capital assets: Land (Value $150,000; Adjusted cost base $200,000) and Investment in X Inc. (Value $30,000; Adjusted cost base $28,000). What is the amount of the reduction required to the adjusted cost base of the assets?
Note:Do not place a minus sign in front of the amount. If no adjustment is required, enter zero.