On 1 April 2017, a company bought a machine for $25000. It was depreciated by $20\%$ each year using the straight-line method. Depreciation for a complete year is recorded in the year of purchase, but no depreciation is recorded in the year of sale. The machine was sold on 30 June 2019 for $12500. The company's year-end is 31 December. What was the profit or loss on disposal of the machine?
- A$1250 loss
- B$1250 profit
- C$2500 loss
- D$2500 profit