A business buys a piece of equipment for ( 72,000) and depreciates it at (25 %) per

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A business buys a piece of equipment for \(£ 72,000\) and depreciates it at \(25 \%\) per year using the reducing balance method. What is the depreciation expense in the third year of use?

(A) \(£ 10,125\)

(B) \(£ 18,000\)

(C) \(£ 30,375\)

(D) \(£ 13,500\)

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