In early January 2022, Canco completed the purchase of a suitable Sudbury property for $3,080,000. Based on appraisals, $2,480,000 was allocated to the building and $600,000 was allocated to the land. As it is not a new building, it does not qualify for the enhanced CCA rate for class 1. The class 8 equipment and furniture is replaced at a cost of $275,000. Canco's computer equipment is stored and moved to the new location. The company's taxation year ends on December 31, 2021, and it did not own any buildings or class 8 property at the end of the year. There was a problem with the vendor's documents that delayed the purchase until 2021. Required: A. On the disposition of each property, indicate the income tax consequences and the amounts that would be required to be included in the company's net income for 2021. B. Determine the income tax consequences if the company opted to defer capital gains and recapture by electing under ITA 13(4) and ITA 44(1). Indicate the tax values of the replacement properties, including the ACB, capital cost, and UCC. C. Determine whether the results in Part B could be improved upon with a reallocation ellec- tion under ITA 44(6). Explain your conclusion.