Your company purchased a new computer network system on 1 September for $126,500 ($115,000 + $11,500 GST)with an anticipated useful life of 5 years. Installation of the network and software was completed by October 1 and the system was then available to use. The depreciation expense for the year ended June 30, (using straight line depreciation) would be:

Select one:

a. 23,000

b. 19,166

c. 17,250

d. 11,500

e. 15,000