Use the Information Below to Answer the Following Questions

Multiple Choice

Use the information below to answer the following questions:
On 1 January 2010, a new motor vehicle with a useful life of 4 years and an estimated trade-in value of $12 000 was purchased by a business for $54 000. The straight-line method is employed and the financial year ends on 31 December.
-What was the accumulated depreciation at 31 December 2012?

A) $42 000
B) $31 500
C) $21 000
D) $52 500.