A business gives the following figures: cheque paid in 2018 for equipment bought in 2017 $15000; equipment bought on credit in 2018 $42000; net book value of equipment at 1 January 2018 $83000; net book value of equipment at 31 December 2018 $67000. What was the depreciation charge in the income statement for the year ended 31 December 2018?
- A$16000
- B$31000
- C$43000
- D$58000