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Previous Page Next Page Page 2 of 4 Rental Income Instructions: Enter your final answers as amounts, with NO dollar signs, NO commas, NO
Previous Page Next Page Page 2 of 4 Rental Income Instructions: Enter your final answers as amounts, with NO dollar signs, NO commas, NO decimals. ROUND your final answers to the nearest dollar. Enter in POSITIVE NUMBERS only. Question 3 (4 points) Listen Bruce owns a condo that he rents out. For this year, he has collected $24,000 in rental income. His rental expenses that he pays are as follows: Repairs Gas $6,000 $2,100 Insurance $3,600 Property Tax $8,000 CCA $5,500 What is the maximum CCA Bruce can claim on his rental property?
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Survey of Accounting
Authors: Carl S Warren
5th Edition
9780538489737, 538749091, 538489731, 978-0538749091
