Zareb started a business on 1 April 20–4. He decided to use the revaluation method to calculate the depreciation on his fixtures and fittings.

Fixtures and fittings, $9,800 were purchased on 1 April 20–4 which Zareb expected to have a useful life of four years. Additional fixtures and fittings, $1,200, were purchased during the year. On 31 March 20–5 Zareb valued his fixtures and fittings at $8,700.

What was the depreciation charge for the year ended 31 March 20–5?

A. $1,100 

B. $2,300 

C. $2,450 

D. $2,750