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Jean Brochet uses an automobile in his unincorporated business. It cost $ 5 3 , 0 0 0 in 2 0 X 4 , with

Jean Brochet uses an automobile in his unincorporated business. It cost $53,000 in 20X4, with maximum CCA being deducted in that year. The purchase was financed with a bank loan of $37,000. For 20X5, the interest on this loan was $4,440. The automobile is used exclusively for business purposes, with the 20X5 operating costs totaling $7,500.
In determining his 20X5 Canadian business income, his maximum automobile related deduction will be:
A.
$19,590.
B.
$18,800.
C.
$24,665.
D.
$20,150.

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