Varuna Doshi Had Rental Income Before CCA of $3,000 in 2019.The

question 8

Multiple Choice

Varuna Doshi had rental income before CCA of $3,000 in 2019.The UCC at the beginning of 2019 was $50,000 (Class 1 - 4%) .In 2020 the rental income before CCA was $1,000.Varuna chose to expense the allowable CCA on the rental property both years.Which of the following statements is true?

• A)Varuna has a net rental loss in 2020 of $920.
• B)Varuna has net rental income in 2020 of $1,000.
• C)Varuna has net rental income in 2020 of $0.
• D)Varuna has net rental income in 2019 of $3,000.

---

Definitions:

Charles Darwin

A 19th-century naturalist and geologist known for his theory of evolution by natural selection.

Inherited Traits

Characteristics passed from parents to offspring through genes.

Behavioral

Pertaining to actions or reactions that an individual displays in response to their environment or stimuli.

Functionalism

A theoretical perspective in sociology and psychology that focuses on the roles or functions that an institution, behavior, or mental state serves in society or an organism.