The plant and machinery cost account of a company is shown below. The .24 company's policy is to charge depreciation at 15% on the straight line basis, with proportionate depreciation in years of acquisition and disposal. What should be * ?the depreciation charge for the year ended 31 December 2005 $ 60,000 Disposal 2005 1 Jan Balance b/d 1 Jul Cash 1 Nov Cash Plant and machinery a/c - cost $ 2005 240.000 31 Mar 90,000 70.000 31 Dec 364.000 Balance c/d 340.000 364,000 A. $48,000 O B. $37,750 O C. $51,000 O D. $36,000 O