A project requires the purchase of new equipment at a cost of $18,000, which will be depreciated over the life of the asset. A further $7000 spent on transport and installation will be added to the purchase price of the equipment for depreciation purposes, and $3000 will be spent on advertising and other operating expenditure to get the project up and running. What is the value of the asset for depreciation purposes? Oa. $28,000 O b. $18,000 Oc. $21,000 O d. $25,000