At the start of the year, Y Limited bought a motor van and paid the following expenditure: motor van $50000; delivery of motor van $4500; upgrading the engine $6000; 2-year maintenance contract $4000; annual licence fee $1200. The motor van is to be depreciated at 20% by the straight-line method. What is the total amount of expenses to be included in the statement of profit or loss for the year?
- A$14340
- B$15300
- C$17300
- D$20100