The book value of a company’s non-current assets at the start and finish of a financial year is given as follows: on 1 January $100000$, and on 31 December $80000$. Over the year, non-current assets were disposed of for $20000$ cash, giving a profit on disposal of $5000$. Depreciation charged for the year amounted to $8000$. What was the expenditure on non-current assets during the year?
- A$3000$
- B$5000$
- C$8000$
- D$15000$