5On 1 January 2016 a company had plant and equipment with a cost of $150,000 and accumulated depreciation thereon of $60,000. During the year ended 31 December 2016 the cost of plant additions was $30,000 and plant was disposed of with a cost of $20,000 for $18,000. This plant was bought on 30 September 2014.The depreciation policy is to make an allowance of 25% per annum on the reducing balance with a full charge in the year of acquisition and none in the year of disposal. What is the depreciation charge for the year ended 31 December 2016?A.$27,188B. $27,500C. $27,891D. $28,750