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Balance at the end of the financial year: 28 February 2022. Vehicles R600 000 Accumulated depreciation R250 000. Adjustment: Depreciation is calculated at 10%

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Balance at the end of the financial year: 28 February 2022. Vehicles R600 000 Accumulated depreciation R250 000. Adjustment: Depreciation is calculated at 10% on cost. An old vehicle was disposed on 31 August 2021 for R21 000 cash. The vehicle originally costed R25 000 and the Accumulated depreciation for previous years is R 3 000. Profit/loss for the disposed vehicle is: OA. Profit/loss R3 000 OB. Profit/loss R500 OC. Profit/loss R1 250 OD. Profit/loss R250

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