What is the amount deductible under Section 14Q in Year of Assessment 2020?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Colorado Pte Ltd commenced its first non-structural renovation works in accounting year 2017 at the cost of $120,000 and incurred a further $70,000 in accounting year 2018.  In accounting year 2019, it upgraded its reception area and spent $250,000 on non-structural renovation costs.
 
What is the amount deductible under Section 14Q in Year of Assessment 2020?
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$100,000
$36,667
$116,667
$70,000
 
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