Question
Aziz purchased a residential rental property on April 15, 2019. He paid $300,000 cash for the building and paid an additional $540 for eligible rental
Aziz purchased a residential rental property on April 15, 2019. He paid $300,000 cash for the building and paid an additional $540 for eligible rental expenses during 2019. He rented the property on May 1 to long term tenants for$1,400 per month. On his 2019 tax return he should report net rental income of (HINT: Remember to calculate CCA)
A. $4,660. B. $7,173. C. $6,633. D. $10,660.
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
1st Extended Canadian Edition
1118878418, 9781118878415
