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In 2021, Erker Corporation incurred costs of $75,000 for leasehold improvements to its newly rented building. The lease was signed in 2021 for an initial

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In 2021, Erker Corporation incurred costs of $75,000 for leasehold improvements to its newly rented building. The lease was signed in 2021 for an initial term of three years plus four successive options to renew the lease, each for an additional one year term. Which one of the following amounts represents the maximum capital cost allowance claim in 2021? $22,500$28,125$37,500$16,071

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