ABC Limited acquired an asset on 1 July 20X7 for $200 000. Accounting depreciation is charged at the rate of 25% straight line. Tax depreciation is charged at the rate of 50% straight line. The asset has no residual value. At 30 June 20X8 the tax base of the asset is:

a.

$100 000

b.

$50 000

c.

$25 000

d.

$12 500