On January 1, 2015, Top Bun acquired 100% of the outstanding shares of Bread Pitt at a cost of $1,800,000. At this point in time, the FMV of Bread Pitt's identifiable net assets was $1,275,000, including $405,000 for land. The tax values of the net assets at that time totalled $615,000. On December 31, 2023, there is a winding up of Bread Pitt under ITA 88(1). Bread Pitt has paid no dividends since its acquisition by Top Bun. On December 31, 2023, the condensed balance sheet of Bread Pitt is as follows: Cash - $180,000, Land - at cost (purchased in 2011) - $210,000, Depreciable assets - at UCC (purchased in 2011) - $360,000, Liabilities - $112,500, Shareholders' Equity - $637,500 Determine the tax value that will be recorded for the land (a nondepreciable asset) after they have been incorporated into the records of Top Bun (In other words, ACB bump up)