Labu Labi Sdn Bhd closes its accounts annually on 31 December. On 3 May 2022, the company disposed of a company car for RM60, 000. The company acquired the car on a hire purchase basis on 1 July 2020 for RM200,000 for use by the managing director. The residual expenditure brought forward at 1 January 2022 was RM10,000. Required: Calculate the balancing adjustment which arises for Labu Labi Sdn Bhd on the disposal of the car on 3 May 2022 for the year of assessment 2022.