canadian tax

Question 3 (1 point) Listen Jackie Meridee borrows $180,000 and acquires an income producing property for $180,000. She subsequently sells the property for $300,000 and, without repaying the funds borrowed to acquire the first property, uses the proceeds to acquire two other properties. The cost of property A is $120,000, while the cost of property B is $180,000. How will the $180,000 in borrowing be linked to the two new properties? The borrowing will not be linked to the two new properties It must be allocated proportionally based on the relative costs Ms. Meridee has flexibility with respect to the linking, as long as the allocation totals 180,000 Ms. Meridee has flexibility with respect to the linking, as long as the allocation totals 300,000