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This year, Lucy had a commercial rental property and reports the following qualifying financial information, in order to calculate her rental income or rental loss

This year, Lucy had a commercial rental property and reports the following qualifying financial information, in order to calculate her rental income or rental loss this year 1. Rental Revenue $10,000 2. Property Tax Expense: $2,000 3. Insurance Expense $3,000. 4. Maintenance Expense: $9,000 5. Maximum CCA $5,000 (apply the maximum, if possible/allowed, por class review) Lucy is required to report this amount as her Rental Income/Loss, this year 50 $10,000 O ($4,000) O $5,000

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