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What cca allowed for the company class for the year

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A company owns several office buildings belonging to CCA class 3. The January 1, 2020 UCC balance of CCA class 3 was $495,000. During 2020, one of the buildings in this class was sold for proceeds of $980,000. The building had a capital cost of $575,000.

Problem 1: Which of the following answers BELOW corresponds to the maximum CCA allowed for the company's Class 3 for the year 2020? if the answer is none of the choices shown, then show correct answer with calculation/explaination

Option 1: 24750
Option 2: 10375
Option 3: 55125
Option 4: 3200
Option 5: 4000
Option 6: none of the choices shown
Option 7: 0
Option 8: 24250

Reference no: EM132728517

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