Test your understanding 2 Karen has been running a successful nursery school 'Little Monkeys' since 20X1. She bought the following assets as the nursery grew. a new oven for the nursery kitchen at a cost of $2,000 (purchased 1 December 20X4). a minibus to take the children on trips for $18,000 (purchased 1 June 20X4). She depreciates the oven at 10% straight line and the minibus at 25% reducing balance. A full year's depreciation is charged in the year of purchase and none in the year of disposal. What is the total depreciation charge for the year ended 31 October 20X6? A B $2,531 $2.700 $4,231 $2,731 D