[单选题]
On 1 September 2013 Cyanne purchased a non-current asset for USD88,000 which had a useful life of four years and no residual value. The company’s policy is to depreciate non-current assets at 25% per annum on the reducing balance basis.When preparing the financial statements for the year to 31 October 2015, the accountant calculated the depreciation charge on the straight line basis.What will be the effect of correcting the depreciation charge on profit for the year to 31 October 2015?
A .Reduced by USD5,500
B .Increased by USD5,500
C .Reduced by USD16,500
D .Increased by USD16,500
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