A business buys a car which costs £15,000. This price includes £500 for insurance and £60 for road tax. The business's name was painted on the side of the car at an additional cost of

£160. The car is expected to be in use for five years, after which time it will have an estimated value of £4,600. What is the annual depreciation if the straight line method is used?

a. £2,000

b. £2,112

c. £1,968

d. £2,080