In the books of D. Ltd. the machinery account shows a debit balance of Rs.60, 000 as on April 1^st, 2003. The machinery was sold on September 30, 2004 for Rs.30, 000. The company charges depreciation @ 20% p.a. (FY April to March) on diminishing balance method. What will be the Profit or Loss on sale of machinery?

(a) Rs.13, 200 Profit.

(b) Rs.13, 200 Losses.

(c) Rs.6, 800 Profit.

(d) Rs.6, 800 Losses.