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Ms. Clark owns three rental office buildings, all purchased subsequent to 1987, before 2007. Calculate the CCA that she can claim on these properties for
Ms. Clark owns three rental office buildings, all purchased subsequent to 1987, before 2007. Calculate the CCA that she can claim on these properties for 2020, based on the following: Property 1 2 3 Original cost $2,900,000 $500,000 $100,000 UCC at January 1, 2020 $2,700,000 $400,000 $50,000 2020 rental revenue $189,000 $58,800 $18,000 2020 expenses: Interest $75,000 $12,000 $7,000 Property taxes $29,000 $6,000 $1,500 Depreciation $62,500 $12,500 $2,500 Other $6,000 $2,500 $1,000 125.8000 126,0000 Be 189,000e 48,3002
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