Patents reported at £144,000 on the Statement of financial position as at 31 December 2010 were sold for £98,000 on 30 June 2011. These patents were acquired on 1 January 2009 and were being amortised over five years’ useful life using the the sum of the years’ digits method. Calculate the gain or loss on disposal.

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a £10,000 loss b £31,600 loss с £10,000 gain d £31,600 gain