Frederick's Ltd Due to a relocation of the business, Frederick's Ltd sold their property in Leeds on the final day of the year, ended 30 June 20X8. The building originally cost 4,150,000 and was depreciated at 6% on a straight-line basis. Accumulated depreciation as at 30 June 20X7 was 2,250,000. Sales proceeds were 3,150,000. What profit or (loss) on disposal of this asset should be recorded in Frederick's income statement for the year ended 30 June 20X8? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a E(1,250,000) b 1,175,000 C 1,499,000 d 1,364,000 Unanswered B Save