Trudeau Limited owned a real property which it sold during the current taxation year for a total of $200,000. The land had a fair market value of $150,000 and an adjusted cost base of $100,000. The building had a fair market value of $50,000. It was the only building in the class which had an undepreciated capital cost of $75,000 and a capital cost of $90,000.

REQUIRED
(1) Determine the tax consequences of the sale of the building in this transaction.
(2) If the purchaser wanted to buy only the building for $50,000 and remove it at his or her own expense to another location, what would be the tax consequences of the sale of the building?