Ms$.$ Luna Lee has two depreciable assets $-$ a Class $1$ building and a Class $8$ piece of equipment. The assets are to be transferred to a corporation using ITA $85.$ Relevant information on the assets is as follows: Class $1$ Class $8$ Fair Market Value Of The Property $$390,000$ $$15,000$ UCC Of Class $($Last Asset In Class$)134,00010,000$ Cost Of The Property $191,00027,000$ Fair Market Value Of The Boot $246,00011,000$ What is the possible range of values that can be elected for the two properties? If$,$ in each case, she elects the lowest possible value, what are the tax consequences for Ms$.$ Lee?