(Answered) Question - saul has two residential rental properties that

Accounting

Question - Saul has two residential rental properties that are mortgaged. Both properties are in Class 1 with a CCA rate of 4 percent. At the beginning of the year, Property A has a UCC of $500,000 and Property B has a UCC of $1,100,000. Before consideration of CCA, Property A earned net rental income of $43,000, and Property B had a net rental loss of $27,000. What is the maximum amount of CCA Saul will be able to claim this year?

1) Nil.

2) $16,000.

3) $20,000.

4) $44,000.

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