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1. 2. Every rental building is classified as a Class 1 asset. Each of the buildings is pooled in one class for capital cost allowance

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Every rental building is classified as a Class 1 asset. Each of the buildings is pooled in one class for capital cost allowance (CCA) purposes at a rate of 4% True or False True False An investment earns interest at 3% and is held for 5 years. The interest is payable at maturity. Both an individual and a corporate investor would use the same method to report the interest income each year. True or False True False

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