At the beginning of this financial period, the statement of financial position of Brambia Ltd showed motor vehicles of a cost of R 20000 and accumulated depreciation amounting to F 7200 . Depreciation is colculated at 20% per annum using the diminighing balance method. The carrying velue of molor vehicles in the statement of financial position at the end of this finshcial year, after calculating and recording the depreciation for the year, will te. A. 8800 8. 10240 C. 12800 D. 11520 E. None of the obove is correct