Details of Old Properties and Their Change of Use Included in Property, Plant and Equipment are the following two properties: 1. Old office building in Montreal - Gamma moved out of this building in October 20X3, and has now fully leased all of the office space to five tenants. The carrying amount of the building and the related fixtures at June 30, 20X4 is $6,307,000. The company uses the straight-line method of depreciation. Depreciation in the amount of $135,000 for the year July 1, 20X3 to June 30, 20X4, has been recognized in "Other General and Administrative Expenses". The company received an appraisal on the property that indicated its fair value was $8,500,000 on June 30, 20X4 and $8,100,000 on November 1, 20X3. 2. Mississauga research facility - The Company uses the straight-line method of depreciation this building and equipment. When the company vacated the old research facility in October 20X3 there was some outdated equipment left behind. The equipment has been fully depreciated and has a carrying amount of nil. The carrying amount of land and building at June 30, 20X4 is $7,671,000. In the past, the facility had been depreciated at $315,000 per year, although no depreciation has been recorded for the 20X4 fiscal year. The company is no longer using this facility, and has engaged a realtor to sell the property. The realtor has listed the property at an asking price of $5,900,000, which reflects recent selling prices on sales of similar properties in the area. Commission rates on the sales of commercial property are generally 5%