A business writes off its motor vehicles at 20% per annum by means of the straight-line method, with depreciation being applied month by month. On 30 June in the current financial year, a new van was bought for $20000. An old van that had cost $18000 and had been purchased at the start of the previous year on 1 January was taken in part exchange for $14000. The remaining amount was settled by cheque. What is the total fall in profit for the current financial year ended 31 December caused by this?
- A$2400
- B$3400
- C$3800
- D$5200