A South is a partner in SA Traders. SA Traders (not a registered VAT vendor) commenced operations on 1 January 2022. The accounting policies of SA Traders is as follows:

1. The periodic inventory system is applied

2. Vehicles are depreciated over 5 years using the straight-line method

3. Computer equipment is depreciated at 12% per annum using the reducing-balance method

4. Furniture is depreciated at 5% per annum using the reducing-balance method

On 1 May 2022, SA Traders purchased a new laptop for office use to the amount of R14500. What will the depreciation be on the laptop for the financial year ending on 31 December 2023?

Select one:

a.

R1 160,00

b.

R2 760,80

c.

R1 600,80

d.

R1 531,20