alculate Prop erty Income and apital Gains
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:1. Calculate Property Income and Capital Gains
for 2021 as well as any CCA calculations in
Canada.
Mr Jones sold his home in Vancouver which he
bought for $255 000 in 2019. The house sold for
$350 800. The legal fees for the sale were
$1000. Mr Jones does not designate this
property as his principal residence in any of the
years he owned the property.
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