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QUESTION 3 Which of the following statements with respect to rental properties is NOT correct? Every rental property with a cost in excess of $50,000

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QUESTION 3 Which of the following statements with respect to rental properties is NOT correct? Every rental property with a cost in excess of $50,000 must be allocated to a separate CCA Class. O The deduction of CCA cannot be used to increase a rental loss. The deduction of CCA cannot be used to create a rental loss. The deduction of CCA cannot create a rental loss but cannot increase a rental loss if one already exists before the CCA deduction

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