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Jean Brochet uses an automobile in a business he carries on as a sole proprietor. The automobile cost $ 5 3 , 0 0 0

Jean Brochet uses an automobile in a business he carries on as a sole proprietor. The automobile cost $53,000 in 2022 and is not a zero-emission vehicle, with maximum CCA claimed in that year. Assume that the automobile was eligible for the Accll. The purchase was financed with a bank loan of $37,000. In 2023, the interest on this loan totaled $4,440. The automobile is used exclusively for business purposes, with the 2023 operating expenses totaling $7,500. What is the maximum automobile deduction that can be claimed for 2023?
$19,875.
$16,760.
$16,890.
$24,665.
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