Sally Frampton has two Člass 1 rental properties. Property 1 has a UCC at the beginning of the year of $550,000 and has net rental income before the deduction of CCA of $43,000. Property 2 has a UCC of $985.000 at the beginning of the year, but

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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F1

Sally Frampton has two Class 1 rental
properties. Property 1 has a UCC at the
beginning of the year of $550,000 and has
net rental income before the deduction of
CCA of $43,000. Property 2 has a UCC of
$985,000 at the beginning of the year, but
has incurred a net rental loss before CCA of
$26,000. What is the maximum amount of
CCA that Sally can claim this year?
Question 4 options:
$61,400
$17,000
$39,400
$22,000
Transcribed Image Text:Sally Frampton has two Class 1 rental properties. Property 1 has a UCC at the beginning of the year of $550,000 and has net rental income before the deduction of CCA of $43,000. Property 2 has a UCC of $985,000 at the beginning of the year, but has incurred a net rental loss before CCA of $26,000. What is the maximum amount of CCA that Sally can claim this year? Question 4 options: $61,400 $17,000 $39,400 $22,000
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