Remaining Time: 19 minutes, 24 seconds. Question Completion Status: Less than half of the time remai Moving to another question will save this response. Question 1 Question 1 of 20 10 points Save Answer Calculate the depreciation charge & net book value at the end of the third year of an assets life. This asset will cost 120,000 at the time of acquisition. This asset will have a useful life of four years. The company uses the reducing balance method of deprecation at a rate of 20% per year. a. Depreciation Charge of 22,500 and net book value of 67,500 Ob. Depreciation charge of 30,000 and net book value of 90,000 c. Depreciation charge of 12,800 and net book value of 56,600 d. Depreciation Charge 16.875 and net book value of 50,625 Moving to another question will save this response. 0 Question 1 of 20 CS COSC