canadian tax

Question 14 (1 point) Listen Ms. Linda Smith acquires a residential property in July, 2020 at a total cost of $250000. Of this total, $45000 can be allocated to the value of the land. The building goes in class 1 at a 4% CCA rate. It is eligible for the accelerated investment incentive. Rents for the 2020 year total $89000, while rental expenses other than CCA total $18000. This is the only rental property owned by Ms. Smith. Determine the maximum CCA deduction that can be taken for 2020. Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response. Your