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In july 2 0 2 3 , an individual acquires arental property for $ 4 2 0 , 0 0 0 . $ 1 5
In july an individual acquires arental property for $ $ is allocated to the land and $ is allocated to the building. The property is rented for $ per month Condo fees are $ per month, property taxes are $ per year and interest expense for is $
Note: the building was acquired after for residential use; therfore a class asset CCA rate
Please determine the rental income of the property.
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