At the start of his financial year, Jason bought a new machine for $20000. On that date, the book value of his old machine was $6000. Jason received $4500 in part exchange for the old machine. He settled the remaining amount by cheque. Machinery is depreciated at 20% per annum. How much should be charged to Jason's income statement for the year?
- A$1500
- B$2500
- C$4000
- D$5500