Two years earlier, a business bought two machines at a price of $25000 each. In the third year, one machine, which had a net book value of $16000, was sold. Another machine costing $30000 was bought. Depreciation is charged at 20% per annum by the reducing balance method on all assets owned at the end of the accounting period. What was the depreciation charge for the third year?
- A$6000
- B$9200
- C$11000
- D$12800