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. An individual purchased a rental property for $120,000 in a prior year. Currently the property has an undepreciated capital cost (UCC) of $60,000. The
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An individual purchased a rental property for $120,000 in a prior year. Currently the property has an undepreciated capital cost (UCC) of $60,000. The gross rental revenue for the year was $12,000. Total expenses, excluding capital cost allowance (CCA), were $10,000. What would be the minimum net rental income (loss) the individual would include in their net income? Multiple Choice $12,000 O $(400)
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