H owns a residential rental property. In the current year he received rent of $30,000 and incurred

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H owns a residential rental property. In the current year he received rent of $30,000 and incurred the following expenses: mortgage interest $12,000, property tax $4,000, insurance $1,000, and repairs $6,000. At the beginning of the year the undepreciated capital cost of the building was $300,000. What is the maximum capital cost allowance for the current year?

Posted Date: Sep 22, 2021 10:26 PM

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H owns a residential rental property. In the current year he received rent of $30,000 and incurred

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