Monique Tabor has a depreciable property that she wishes to sell to a new corporation using ITA $85(1).$ The property has an ACB and capital cost of $$450,000,$ a UCC of $$225,000,$ and a FMV of $$675,000.$ The transfer will take place at an elected amount of $$400,000.$

Ms$.$ Tabor is considering the following alternative forms of consideration:

Alternative

One Two Three

Promissory Note $$150,000$ $$375,000$ $$300,000$

Preferred Shares $150,000300,000$ Nil

Common Shares $375,000$ Nil $375,000$

Total $$675,000$ $$675,000$ $$675,000$

All of the amounts in the preceding table are shown at their respective FMVs$.$

Required:

A$.$ For each of the three alternatives, determine the ACB of the consideration received.

B$.$ For each of the three alternatives, determine the legal capital and PUC of the share consideration.