What would be the net rental income

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Problem 1: Frederic, an individual, purchased a rental property for $120,000 in 2019. In 2020, the individual received gross rents of $12,000, incurred operating expenses of $10,000 and had an opening undepreciated capital cost (UCC) of $60,000. What would be the net rental income or (loss) in 2020?

Reference no: EM132941777

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