A company’s accounting year finishes on 31 December. On 1 January 2013, it bought a warehouse for $100000$. The warehouse was expected to have an economic useful life of $25$ years. The company’s accounting policy is to depreciate the warehouse by the straight-line method. On 1 January 2018, the warehouse was revalued to $120000$. What was the depreciation charge for the year ended 31 December 2018?
- A$4000$
- B$4800$
- C$5000$
- D$6000$