Other Information: The property at 26 Hart Street was purchased in 2022 for $1,180,000....

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Accounting

Other Information:
The property at 26 Hart Street was purchased in 2022 for $1,180,000.
The property at 32 Barton Boulevard was sold in 2022 for $231,000.
Ms. Becker had furnished this property several years ago at a cost of $28,750. The UCC for
the class 8 properties was $4,498 on January 1,2022. Given the condition of the furnishings,
they were simply given to the former tenants, who agreed to take them when they moved
out.
In 2022, Ms. Becker spent $78,750 on capital improvements to the property at 14 Mark Avenue.
While none of the changes were required, the incoming tenant insisted on the changes before
agreeing to the lease. These improvements will enhance the value of this property.
The building at 96 Flagler Street was sold in 2022 for $653,000.
Required: Calculate Ms. Becker's minimum rental income for 2022. You should provide a sepa-
rate CCA calculation for each property and specify how much CCA should be claimed for each
building. Include in your solution any income tax consequences associated with the sale of the two
buildings and the furniture. Assume that the rental activity is not a business and that the property
values and costs shown are for the building only.
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