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LMO Company incurred expenditures for leasehold improvements during the year. The relevant lease is on...

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Accounting

LMO Company incurred expenditures for leasehold improvements during the year. The relevant lease is on an office building that the Company rented at the beginning of 2021. The improvements cost $69388. The lease's initial term is 8 years, with an option to renew for another 3 years. The company had a profit before CCA on these leasehold improvements of $789367. What would be the maximum amount of CCA the company could deduct in 2021?

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