A business charges depreciation on its machinery at $10\%$ per annum by the straight-line method, calculated month by month. The business’s financial year end falls on 30 June. Machinery that cost $6600 on 1 April 2020 was disposed of on 30 November 2021. The profit on sale was $350. What were the sale proceeds?
- A$5150
- B$5425
- C$5850
- D$6125