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Use the following information of Ligo Fleet Company to answer the question below: Number of vehicles 3 0 0 Depreciation 1 0 % on a

Use the following information of Ligo Fleet Company to answer the question below:
Number of vehicles 300
Depreciation 10% on a straight line basis
Deductible (excess) per claim R20000
Claims information
1. Ligo Fleet Company submitted three vehicle claims amounting to R800000 on 5 January 2022. The three vehicles were stolen in the three provinces of the country.
2. Ligo Fleet submitted five vehicle claims amounting to R1200000 on 3 March 2023. The five vehicles were stolen in the five provinces of the country.
Policy changes
The parties agreed to change the current deductible method to a disappearing deductible method in the 2 January 2023 renewal negotiations.
Management should apply the recapture value of 25% of the depreciation rate.
Question
Calculate the new deductible amount after the payment of the claims submitted on the 3 March 2023.
a.
R72000
b.
R80000
c.
R86000
d.
R100000

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