A building that costs $200,000 and is rental property will always create a terminal loss or a

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A building that costs $200,000 and is rental property will always create a terminal loss or a recapture of capital cost allowance when it is sold. The same result may not occur if the building is used directly in a business activity. Explain this.

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Canadian Income Taxation Planning And Decision Making

ISBN: 9781259094330

17th Edition 2014-2015 Version

Authors: Joan Kitunen, William Buckwold

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Question Posted: Dec 19, 2015 04:09 AM

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A building that costs $200,000 and is rental property will always create a terminal loss or a

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Each building that is classified as a rental property to its owners an...View the full answer

Canadian Income Taxation Planning And Decision Making

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