Andy bought a van on the $1$st August $20$X$2$ for $12,000.$ He intends to use the van for five years after which he has promised to sell it to his pal Joe for $2,000.$ He uses the straight line method of depreciation. What will be the value of the van shown in the Statement of Financial Position at $31$st July $20$X$5?$

Question $1$Select one:

A$.$

$2,000$

B$.$

$6,000$

C$.$

$8,000$

D$.$

$4,000$