A business charges depreciation on its non-current assets at 20% using the straight-line method. Depreciation is worked out on a time basis in both the year of acquisition and the year of disposal. At cost, non-current assets, 31 December (previous year) $200000 Machinery purchased on 1 January (current year) $50000 Machinery disposed of on 30 September (current year) $40000 At cost, non-current assets, 31 December (current year) $210000 What is the depreciation charge for non-current assets in the year ended 31 December?
- A$42000
- B$48000
- C$50000
- D$52000