GLOW traders had equipment (cost price) on 1 January 2016 of R 80 000. A residual value of R5 000 is placed on equipment, and depreciated over a useful life of 5 years on the straight-line method. At the beginning of the current year (1 January 2018) the equipment had accumulated depreciation of R 30 000. The carrying amount of the equipment at the end of the financial year of 31 December 2018 will be?

A. R40 000

B.

R35 000

C.

R32 000

D.

R33 333

E.

R30 000