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6 Jose owns a cottage that he purchased in 2006 for $330,000, with $100,000 of this amount reflecting the value of the land. On January
6 Jose owns a cottage that he purchased in 2006 for $330,000, with $100,000 of this amount reflecting the value of the land. On January 1, 2016, this cottage is converted to a rental property. At the time of conversion, it is estimated that the cottage has a fair market value of $600,000, with $150,000 of this amount reflecting the value of the land. For 2016, rental income, net of all expenses except CCA equals $10,200. What is the maximum amount of CCA that Jose can deduct on this rental property for 2016? a $10,200. b $6,600. c $9,000. 0 $16,000
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