Which of the Following Statements with Respect to Rental Properties

Multiple Choice

Which of the following statements with respect to rental properties is NOT correct?

A) Every rental property with a cost in excess of $50,000 must be allocated to a separate CCA Class.
B) The short fiscal period rules do not apply to the calculation of CCA on a rental property owned by an individual.
C) The deduction of CCA cannot be used to create or increase a rental loss.
D) If a new rental property is acquired, put into a separate CCA class, and is used more than 90 percent for non-residential purposes, it is eligible for an enhanced CCA rate of 10 percent.