A sole trader bought a machine for $\text{\$}30000$, and its estimated residual value was $\text{\$}5000$. Its useful life was forecast to be five years. During the fourth year’s end, the machine was sold for a profit of $\text{\$}200$. Depreciation is calculated by the straight-line method. One full year’s depreciation is charged for every year that the asset is held. Calculate the amount of sale proceeds.
- A$\text{\$}5200$
- B$\text{\$}6200$
- C$\text{\$}10200$
- D$\text{\$}15200$