Of the following statements with respect to rental properties, select the one which is NOT correct:

	The deduction of CCA cannot be used to create or increase a rental loss.
	If a new rental property is acquired, put into a separate CCA class, and is used more than 90 percent for non-residential purposes, it is eligible for an enhanced CCA rate of 10 percent.
	The short fiscal period rules (i.e. a taxation year <365 days) do NOT apply to the calculation of CCA on a rental property owned by an individual.
	Every rental property with a cost in excess of $50,000 must be allocated to a separate CCA Class.