1. A company has a January 1, 2020 balance for CCA class 53 of $122,000. During 2020, the company acquired additional Class 53 assets for a total cost of $3,750,000. Also, one of the several Class 53 assets was sold during the year for proceeds of $360,000. It had a cost of $1,875,000.

   Which of the following answers corresponds to the maximum CCA allowed for the company's Class 53 for the year 2020?

   		$2,296,000
   		None of the choices shown.
   		$2,693,500
   		$908,500
   		$2,603,500
   		$3,811,000
   		$3,451,000
   		$3,631,000