A business writes off its machinery at 10% per annum by the straight-line method, working on a month-by-month basis. The business’s financial year end falls on 30 June. Machinery that cost $6600 on 1 April 2014 was disposed of on 30 November 2015. The profit on sale was $350. What was the sale proceeds?
- A$5150
- B$5425
- C$5850
- D$6125