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At the end of 2 0 2 3 , Fred Hicks owned two residential rental properties. Rental property 1 cost $ 1 2 5 ,
At the end of Fred Hicks owned two residential rental properties. Rental property cost $land $; building
$ and at the close of had a UCC of $ Rental property was acquired in for $land $;
building $ Revenue and expenses for the rental properties during the year were as follows:
Property Property Total
Revenue $$$
Expenses:
Mortgage interest
Repairs & maintenance
Property tax
Insurance
Income $ $ $
Determine the maximum CCA deduction for the rental properties for
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