Question
Wendy Jang owns three rental buildings in 2022. All of the buildings are in Class 1 (4% CCA rate). All of the buildings are in
Wendy Jang owns three rental buildings in 2022. All of the buildings are in Class 1 (4% CCA rate). All of the buildings are in Class 1 (4% CCA rate). All buildings were purchased prior to 2020. Original cost UCC at Jan. 1 Rental revenue for the year Expenses for the year: Interest Property taxes Other Property 1 $120,000 $100,000 $68,000 $25,000 $15,000 $22,000 Property 2 $80,000 $75,000 $32,000 $15,000 $8,000 $6,000 REQUIRED: What is the maximum CCA that Wendy Jang can claim on the rental properties for the year 2022? Property 3 $150,000 $140,000 $30,000 $10,000 $16,000 $3,000 G
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