Paul Thuse sold his old car for R60 000. He bought the 3 years back for R120 000. During the 3years he had replaced all 4 tires for R600 each. The capital gain/loss on the disposal of the car is:

Select one:

a. None of the above as there is no capital gain or loss on the disposal of the vehicle

b .R60 000 gain

c .R57 600 loss

d. R60 000 loss