A business acquired a non-current asset with an estimated useful life of $10$ years. Depreciation is calculated by the straight-line method. By the date of disposal, depreciation for $5$ years had been recorded. The information below is given: original purchase price: $100\,000$ estimated residual value when purchased: $20\,000$ selling costs: $8\,000$ loss on sale: $10\,000$ What were the sale proceeds?
- A$48\,000$
- B$50\,000$
- C$58\,000$
- D$62\,000$