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XYZ owns two rental properties in Sooke. Property 1 earned $7,000 in rental income before CCA and property 2 had a rental loss of
XYZ owns two rental properties in Sooke. Property 1 earned $7,000 in rental income before CCA and property 2 had a rental loss of ($6,000) before CCA. The maximum correctly calculated CCA for property 1 is $6,000 and for property 2 is $6,000. What is the maximum CCA that can deduct for the year?
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The maximum correctly calculated CCA that can be deducted for the year is 1200...
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South Western Federal Taxation 2017 Essentials Of Taxation Individuals And Business Entities
Authors: William A. Raabe, David M. Maloney, James C. Young, Annette Nellen
20th Edition
978-0357109144, 978-0357686652, 978-1305874824
