Root Co is a broadband provider which receives government assistance to provide broadband to remote areas. Root Co invested in a new server at a cost of 600,000 on 1 October 2020. The server has an estimated useful life of ten years with a residual value equal to 10% of its cost. Root Co uses straight-line depreciation on a time apportioned basis. The company received a government grant of 35% of its cost price of the server at the time of purchase. The terms of the grant are that if the company retains the asset for four years or more, then no repayment liability will be incurred. Root Co has no intention of disposing of the server within the first four years. Root Co's accounting policy for capital-based government grants is to treat them as deferred income and release them to income over the life of the asset to which they relate. What is the amount of depreciation that will be charged to operating expenses in respect of the server for the year ended 31 March 2021? O 27,000 54,000 16,500 33,000