Suppose that a company purchases a patent in January 1st, 2020 at a price of 200.000 TL for cash. Patent has a useful life of 8 years. The company employs the straight-line method for amortization. It also employs the revaluation model in measuring the patent and revalues it in every 2 years at the year ends. The fair value of the patent is calculated as 180.000 TL at the year of the first revaluation. Suppose that the company sells the patent at the end of year 3 at a price of 140.000 TL for cash. What would be the net profit/loss for this transaction?

a) 10.000 TL loss b) 12.500 TL profit c) 20.000 TL profit d) 40.000 TL loss