On June 30 oth 2012 ABC Ltd. sold a machine that originally cost SR 235,000 for SR 165,400. The machine was purchased on January 1st, 2010. The company use straight line method to charge depreciation expense. The economic life of the machine is estimated to be 5 years with a salvage value of SR 25,000. The book value and gain/loss on disposal will be? a. Book Value 185,000 & Loss on Disposal 55,500 b. Book Value 85,000 & Gain on Disposal 65,500 C. Book Value 130,000 & Gain on Disposal 35,400 d. Book Value 290,000 & Loss on Disposal 25,000