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"Q1. Blake owns a rental property that is in Class 1 for CCA purposes (4%...

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Accounting

"Q1. Blake owns a rental property that is in Class 1 for CCA purposes (4% CCA rate). They paid $250,000 for the property several years ago and have claimed CCA to December 31,2022 of $68,400.
In 2023, the property generated $24,000 in rental revenue and Blake incurred $19,000 in non-CCA expenses related to the property. They also renovated the property at a cost of $55,000. The renovations qualified for capitalization to the same CCA class as the building.
Calculate the maximum CCA, the CCA to claim for 2023, AND the ending UCC balance for 2023. Show all your calculations for full marks.

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