b$)$ Labu Labi Sdn Bhd closes its accounts annually on $31$ December. On $3$ May $2023,$ the company disposed of a company car for RM$60,000.$

The company acquired the car on a hire purchase basis on $1$ July $2020$ for RM$200,000$ for use by the managing director.

The residual expenditure brought forward at $1$ January $2023$ was RM$10,000.$

Required:

Calculate the balancing adjustment which arises for Labu Labi Sdn Bhd on the disposal of the car on $3$ May $2023$ for the year of assessment $2023.$