Nevine Corporation owns and manages a small $10-$store shopping centre, which it classifies as an investment property. Nevine has a May $31$ year end and initially recognized the property at its acquisition cost of $$10\mathrm{.}8$ million on June $2,2022.$ The acquisition cost consisted of the purchase price of $$10$ million, costs to survey and transfer the property of $$500,000,$ and legal fees to acquire the property of $$300,000.$ Nevine determines that approximately $25\%$ of the shopping centre's value is attributable to the land, with the remainder attributable to the building. The following fair values are determined:

$\backslash$table$[[$Date$,$Fair Value$],[$May $31,2023,$$$10,500,000$