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DJ earns rental income and wishes to minimize the income. DJ may deduct CCA (capital cost allowance) with which of the following limitations? Multiple Choice
DJ earns rental income and wishes to minimize the income. DJ may deduct CCA (capital cost allowance) with which of the following limitations? Multiple Choice No limitation on CCA. CCA may not be deducted on rental. CCA on a building is limited to the net rental income after other expenses. The deduction of CCA on all rental assets, combined, cannot exceed the taxpayers net rental income before CCA. Multiple Choice No limitation on CCA. CCA may not be deducted on rental. CCA on a building is limited to the net rental income after other expenses. The deduction of CCA on all rental assets, combined, cannot exceed the taxpayers net rental income before CCA
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