On 1 January 2016, a company’s non-current assets had a net book value of $100000, and this reduced to $80000 by 31 December 2016. In 2016, assets with a book value of $20000 were sold and a profit on disposal of $5000 was earned. Depreciation charged in 2016 totalled $8000. What was the expenditure on new assets in 2016?
- A$3000
- B$5000
- C$8000
- D$15000