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 options:
Savannah Finlayson has two Class rental properties that are both subject to a CCA rate.
Property has a UCC balance at the beginning of the year of $ and has rental income before the deduction of CCA of $
Property has a UCC balance of $ at the beginning of the year but has a rental loss before CCA of $
What is the maximum amount of CCA that Savannah can claim in the current year?
What is the UCC balance for Property on January of the next year?
What is the UCC balance for Property on January of the next year?
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