Team Go Ltd sells on 1 January 2005 a van which it bought on 1 January 2002 for $ 3,000, and has been depreciating the van each year at 25% per annum on a straight line basis. It trades this van in for a new van costing $ 5,000 and pays the supplier $ 4.600 cash What is the gain or loss on the disposal of the old van? Select one a $ 750 gain b. None of the options is correct c. $ 350 loss d. $ 350 gain e. $ 750 loss