A business reported the net book value of motor vehicles as shown below: 31 December 2017: $238000 31 December 2018: $243000 In the year ending 31 December 2018, one new motor vehicle was bought for $47000. Another motor vehicle, which had cost $53000 and had accumulated depreciation of $31000, was sold for $7000. What was the depreciation charge for motor vehicles for the year ending 31 December 2018?
- A$11000
- B$20000
- C$35000
- D$42000