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For this year, Jane had the following Rental Financial Information for Income Tax Purposes. Please choose the best and most accurate answers. Furniture, Class 8.20%,
For this year, Jane had the following Rental Financial Information for Income Tax Purposes. Please choose the best and most accurate answers. Furniture, Class 8.20%, UCC was $5,000. Furniture Sold (Proceeds was $10,000; Cost was $1,000): Furniture, Class 8 was Closed, this year. Building, Class 1.4%, UCC was $200,000 Rent Revenue Property Tax Expense Insurance and Maintenance Expense For this year and based on the financial information given, Minimum Line 12600 is $7,000 And The Texable Capital Gain is $4,000 For this year and based on the financial information given, Minimum Line 125000 is $6,000 And The Tasable Capital Gain is $4.500 For this year and based on the financial information given, Minimum Line 12600 is 55.000 And The Capital Gain is $4,000 For this year and based on the financial information given, Minimum Line 126000 is $15,000 And The Taxable Capital Gain is $8,000 $40,000 $5,000 $17,000
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