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This year, Betty had a commercial rental property and reports the following, in order to calculate her rental income or rental loss in 2019. Rental
This year, Betty had a commercial rental property and reports the following, in order to calculate her rental income or rental loss in 2019. Rental Revenue: $10,000 Property Tax Expense: $2,000 Insurance Expense : $3,000 Betty's personal labour fee: $1,000 Maximum CCA: $2,000 (apply the maximum if possible per class review) Please choose the best and most accurate answer? The Rental Income is $2,000 and CCA cannot create or increase a Rental Income Statement Loss The Rental Income is, $3,000 and CCA can create or increase a Rental Income Statement Loss The Rental Income is , $3,000 and CCA cannot create or increase a Rental Income Statement Loss The Rental Income is , $0 and CCA cannot create or increase a Rental Income Statement Loss
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