Question: Question 2 9 options: Savannah Finlayson has two Class 1 rental properties that are both subject to a 4 % CCA rate. Property 1 has

Question 29 options:
Savannah Finlayson has two Class 1 rental properties that are both subject to a 4% CCA rate.
Property 1 has a UCC balance at the beginning of the year of $570,000 and has rental income before the deduction of CCA of $46,000.
Property 2 has a UCC balance of $475,000 at the beginning of the year but has a rental loss before CCA of $5,000.
What is the maximum amount of CCA that Savannah can claim in the current year?
What is the UCC balance for Property 1 on January 1 of the next year?
What is the UCC balance for Property 2 on January 1 of the next year?

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