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QUESTION 11 This year, Betty had a commercial rental property and reports the following in order to calculato hot rontal income or rentals in 2020

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QUESTION 11 This year, Betty had a commercial rental property and reports the following in order to calculato hot rontal income or rentals in 2020 1 Rental Revenue $10,000 2 Property Tax Expense $2.000 3. Insurance Expense $3,000 4. Betty's personal labour fee $1,000 5 Maximum CCA $2.000 (apply the maximum if possible per class review) Please choose the best answer? O The Rental Income is, $3,000 and CCA can create or increase a Rental Income Statement Loss O The Rental Income is $2,000 and CCA cannot create or increase a Rental Income Statement Loss O The Rental Income is $3,000 and CCA cannot create or increase a Rental Incomo Statement Loss O The Rental Income is $0 and CCA cannot create or increase a Rental Income Statement Loss

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