5On 1 January 2016 a company had plant and equipment with a cost of $150,000 and accumulated depreciation thereon of $60,000. During the year ended 31 December 2016 the cost of plant additions was $30,000 and plant was disposed of with a cost of $20,000 for $18,000. This plant was bought on 30 September 2014.The depreciation policy is to make an allowance of 25% per annum on the reducing balance with a full charge in the year of acquisition and none in the year of disposal. What is the depreciation charge for the year ended 31 December 2016?A.$27,188B. $27,500C. $27,891D. $28,750

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.