What the sam net income from rental property

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Question - Sam has a residential rental property that mortgaged. The property in Class 4%. At the beginning of this year, the property has a UCC of $300,000; before consideration of CCA, the property earned rental income of $28,000, also Sam incurred the following expenses; pays Interest on the mortgage $15,500, property taxes $4,500, maintenance $6,000, property management $12,000. What the Sam net income (loss) from rental property for the current year?

a) loss of 10,000

b) Nil

c) loss of 22,000

d) 33,000

Reference no: EM132994073

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