Beta corp purchased two rental properties in 2006 building, Accounting Basics

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Beta corp purchased two rental properties in 2006 building

Problem: CCA & Rental Income - Beta Corporation

Beta Corp. purchased two rental properties in 2006. Building X cost $40,000; building Y cost $200,000. The buildings earned the following income or loss during fiscal 2006. The CCA rate is 4%.

Required: Compute the maximum capital cost allowance that can be claimed for Beta Corp. in fiscal 2006.

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Accounting Basics: Beta corp purchased two rental properties in 2006 building

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Accounting Basics: Beta corp purchased two rental properties in 2006 building

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