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On January 1, 2019 Jorge purchased two newly constructed rental buildings for ( $ 350,000 ) each. Of the total cost of ( $ 350,000

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On January 1, 2019 Jorge purchased two newly constructed rental buildings for \\( \\$ 350,000 \\) each. Of the total cost of \\( \\$ 350,000 \\) for each building, \\( \\$ 100,000 \\) represents the value of the land on which the building is situated. One building contains four suites and is rented to students. The other building is rented to a florist business. Each of the buildings is allocated to a separate Class 1. The maximum CCA deduction for 2019 is: \\( \\$ 100,000 \\) \\( \\$ 37,500 \\) \\( \\$ 45,000 \\) \\( \\$ 25.000 \\)

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