At the start of year 1, two companies each bought a motor vehicle for $10000. Company G applied the straight-line method of depreciation at 15% per annum, whereas Company H applied the reducing balance method at 20% per annum. What was the difference between the depreciation charge for year 2 for the two companies?
- A$100 greater for G
- B$100 greater for H
- C$500 greater for G
- D$500 greater for H