A non-current asset that originally cost $12,500 was sold at a loss of $4,500. Depreciation had been provided using the reducing balance method, at 20% per annum since its purchase. Which of the following correctly describes the sale proceeds and length of time for which the asset had been owned? O a. Cannot be calculated Cannot be calculated O b. $8,000 2 years O c. Cannot be calculated 2 years O d. $8,000 Cannot be calculated