Jacob Limited acquired an item of plant with an expected useful life of 5years. Expected total production output over this period was: Year 1, 40 000 units; Year 2, 40000 units; Year 3, 32000 units; Year 4, 28000 units Year 5, 20 000 units. The plant cost $200000 and associated installation costs amounted to $50000 and residual value is $20 000. The amount of depreciation charged in the first year is: Question 4 Answer a. $92 000. b. $57 500. c. $67 500. d. $62 500