in detail explanation please

48 mins 30.1 The plant and machinery cost account of a company is shown below. The company's policy is to charge depreciation at 20% on the straight line basis, with proportionate depreciation in years of acquisition and disposal. PLANT AND MACHINERY - COST 20X5 $ 20X5 1 Jan Balance b/f 30 June Transfer disposal 280,000 48,000 S 14,000 1 Apr Cash 1 Sept Cash 31 Dec Balance c/f 36,000 364,000 350,000 364,000 What should be the depreciation charge for the year ended 31 December 20X5? O $67,000 $70,000 $64,200 $68,600