A non-current asset was purchased at the beginning of Year 1 for $2,400 and depreciated by 20% per year by the reducing-balance method. At the beginning of Year 4 it was sold for $1,200 The result of this was: Select one: O a. a profit on disposal of $240.00 b. a loss on disposal of $28.80 O`c. a profit on disposal of $28.80 O d. a loss on disposal of $240.00 Clear my choice