Balances on 28 February 2021 Balance sheet section Vehicles at cost Equipment at cost Inventory Provision for bad debts Nominal accounts section Bad debts telephone R 90 000 R 50 000 R 100 000 2.000 R 500 R 1 500 Adjustment Annual depreciation on equipment vehicles is calculated at 15% p.a. The carrying value of vehicles at the end of the year is: A. R103 500 O B. R93 500 O C. R13 500 D. R76 500