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Marrison Ltd bought plant and machinery on 1 October 2019 for 12,000. It has an...

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Accounting

Marrison Ltd bought plant and machinery on 1 October 2019 for 12,000. It has an expected life of five years and an expected residual value of 2,000. On 30 June 2023 the plant and machinery was sold for 7,500. Harrisons year-end is 31 December. Its accounting policy is to charge depreciation monthly, straight line.
The profit on disposal of the machine in the statement of profit or loss at 31 December 2023 is?
A.2,000
B.3,000
C.1,500
D.4,500

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