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