The following information relates to the motor vehicles of a business.
During the year 2021 the following occurred.
1- Additional motor vehicles costing ＄195 000 were purchased.
2- A motor vehicle (original cost ＄80 000) was sold for ＄24 000 at a profit of ＄2000.
What was the depreciation charge for 2021?
1 )
＄87 000
2 )
＄89 000
＄91 000
4 )
＄113 000
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