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Problem 1: Saul owns two residential rental properties. Both properties are in separate CCA classes: Property A is in Class 1 with a maximum CCA rate of 4%, while Property B is in Class 3 with a CCA rate of 5%. At the beginning of the year, Property A has a UCC balance of $2,000,000 and Property B has a UCC balance of $1,500,000. Property A had net rental income before CCA of $60,000, while Property B had a net rental loss before CCA of $12,000. What is the maximum amount of CCA Saul would be allowed to deduct in calculating net rental income for the current year?
A. $75,000.B. $175,000.C. $12,000.D. $48,000.E. $80,000.F. $60,000.G. Nil - no CCA can be deducted on rental properties.H. $155,000.
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