9- At 30^th September 2019, the following balances existed in the records of Mr. Imran:

ACCOUNT	DEBIT ($)	CREDIT($)
Buildings at cost	94,000
Plant and Equipment at cost	34,000
Provision for depreciation:
Plant and Equipment		6,000
Buildings		1,000

You are given the following additional information:

(i) Buildings is depreciated at 8% per annum using straight line method

(ii) Plant and Equipment is to be depreciated at 10% per annum using written down value method.

A- The amount of depreciation expense on Buildings in the Income Statement for the year ended 30^th September, 2019 is:

$9,520

$7,520

$8,520

$6,520

B- The Net Book Value of Buildings appearing in the Statement of Financial Position as at 30 September, 2019 will be:

$86,480

$7,520

$85,480

$94,000