A motor car costing D100,000 was depreciated at 20% per annum by the diminishing balance method. Two years later, it was sold for D60,000. Using the information, the net profit or loss on the sale was
-
A.
D 40,000 profit -
B.
D 4,000 profit -
C.
D 4,000 loss -
D.
D 40,000 loss