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Sheela owns two residential antal properties. Both properties are in a separate Class 1(CCA rate - 4%). At the beginning of the year, Property A
Sheela owns two residential antal properties. Both properties are in a separate Class 1(CCA rate - 4%). At the beginning of the year, Property A has a cost of $300,000, UCC of $200,000 and Property B has a cost $260,000, UCC of $136,000. In 2020, Sheela added major capital improvements to Property B for a cost of $26,000. What is the maximum CCA available for Mike to claim? Do not use commas or dollar signs. AJ Now assume that before consideration of CCA, Property A earned net rental income of $23,000, and Property B had a net rental loss of $10,000. What is the maximum amount of CCA Sheela will be able to deduct this year? Do not use commas or dollar signs. A/ tots each question as indicated
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