A Motor vehicle was purchased on June 1,2012 for $525000. It was expected to last for Five years. Management decided to depreciate the vehicle at the rate of 20% p.a. and expensed the cost of the asset over its useful economic life in the Statement of Profit and Loss/Income Statement. Management's policy dictates, depreciate for all motor vehicles on a month by month basis. What was the depreciate charge expensed on the SPL/IS for the year ended 31 December 2012