The company’s financial year finishes on 31 December. On 1 April 2015, these payments connected with a new machine were made: purchase cost $50000 and installation $10000. Machinery is depreciated at 20% on cost per annum, with the calculation starting from the date of purchase. Calculate the depreciation of the new machine for the year ended 31 December 2015?
- A$7500
- B$9000
- C$10000
- D$12000