5.1 Valerie runs a small delivery business. She has a van which she replaces every 4 years.

On 1 January 2012 she sells her old van for £2000 and buys a new one for £14 460. She expects to be able to sell it for approximately £4000 in 4-years time.

Assuming that Valerie adopts the straight-line method of depreciation in her accounts what is her depreciation charge for the accounting year ending 31 December 2012?

a) £2 115

b) £3 615

c) £4 615

d) £2 615.