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QUESTION 22 Varuna Doshi had rental income before CCA of $3,000 in 2019. The UCC at the beginning of 2019 was $50,000 (Class 1 -

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QUESTION 22 Varuna Doshi had rental income before CCA of $3,000 in 2019. The UCC at the beginning of 2019 was $50,000 (Class 1 - 496). In 2020 the rental income before CCA was $1,000. Varuna chose to expense the allowable CCA on the rental property both years. Which of the following statements is true? O Varuna has net rental income in 2020 of 30 Varuna has net rental income in 2020 of $1,000 Varuna has net rental income in 2019 of $3,000 Varuna has a net rental loss in 2020 of 920

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