The details below concern the non-current assets of a business established three years ago. Cost at the beginning of year 1: $10000$ Accumulated depreciation at the end of year 3: $6000$ Draft profit for year 3: $18000$ While working out the draft profit for year 3, depreciation was applied consistently by the straight-line method. Before the accounts were completed, the business chose to alter the depreciation method for year 3 to the reducing balance method at a rate of $25\%$ per annum. What was the adjusted profit for year 3?
- A$16000$
- B$17500$
- C$18500$
- D$19000$