At the beginning of his financial year, Jason bought a new machine for $20\,000$. At that time, the book value of his old machine was $6000$. Jason received $4500$ for the old machine as part exchange. He settled the remaining amount by cheque. Machinery is depreciated by $20\%$ each year. What amount should be debited to Jason's income statement for the year?
- A$1500
- B$2500
- C$4000
- D$5500