1. The A business purchased a motor car on 1 July 2013 for $20,000. It is to be depreciated at 20 per cent per year on the straight line basis, assuming a salvage value at the end of five years of $4,000, with a proportionate depreciation charge. What is the carrying amount (net book value) of the asset on 1 January 2015. (2.5 points) A $14,000 B $15,200 C$4,000 D $20,000