MF owns a building used as the company's headquarters, accounting according to the revaluation model. Building Purchased at cost 1.2 million in early 20X7, estimated useful life 20 years, depreciation using the straight-line method. At the end of 20X7, the fair value of the headquarters building was assessed at 1.52 million. In 20X8, MF decided to expand its operations to other localities, So the company decided to move its headquarters to that locality. On December 31, 20X8, the company relocated its headquarters office, and converted the building to rental. The fair value of the building at the date of relocation is reduced 1.3 million remaining. Required: Please calculate the necessary information and record the conversion activity at the date December 31, 20X8