On 31 December 2021, a business recorded a non-current asset with a net book value of $18000. The asset had been bought in the year ending 31 December 2020. Depreciation is applied at $25\%$ per annum by the reducing balance method. In the year the asset is purchased, depreciation is charged for a full year. What was the asset’s original cost?
- A$22500
- B$24000
- C$27000
- D$32000