Juniper Ltd owned a building which cost 55,000 in 2009 and was revalued to 82,500 at the end of 2015 when the net book value was 45,375. The building was sold for 70,000 in 2016 after charging depreciation of 2,500 for the year. Gain/loss recognised on the face of the profit and loss account on the sale of the building will be:

	a.	Gain of 27,125
	b.	Gain of 15,000
	c.	Loss of 12,500
	d.	Loss of 10,000