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Catherine Steele owns two rental properties originally valued at $275,000. (Property 1 land $70,000, building $55.000) (Property 2 land $90,000, building $60,000) The buildings are

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Catherine Steele owns two rental properties originally valued at $275,000. (Property 1 land $70,000, building $55.000) (Property 2 land $90,000, building $60,000) The buildings are Class 1(4%) properties. Net rental income before CCA in 2020 was $11,000. The UCC on building 1 at the beginning of 2020 was $50,000 . The UCC on building 2 at the beginning of 2020 was $40,000 Property 2 was sold in 2020 for $250,000 (and $200,000, building $50,000) Required Calculate Catherine's net rental income for 2020 then subtract the allowable CCA 10 arrive at her Net Income from rental property Numeric Response

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