Canco Inc., a publicly traded company, has carried on a sports clothing business in a building in Hamilton, Ontario, for many years. Its major business properties are as follows: Land and Building The building was constructed for the company at a total cost of $2,300,000. It is the company's only class 1 property. The January 1, 2023, UCC balance in this class is $1,105,000. The building is situated on land that the company purchased for $250,000.00 Class 8 Property All of the company's equipment, furniture, and fxtures are in class 8. The combined capital cost of all class 8 property is $230,000. The January 1, 2023, UCC balance of class 8 is $178,645. Canco carries on a retail sports clothing business in the front half of the building, which is situated on a busy major street. Over the last two years, sales from the store have drastically decreased while online sales of its products have increased signifcantly. Canco has made the decision to close the store and to focus on online sales. As a result, a decision has been made to move to a more appropriate site in Sudbury, Ontario.