A business acquired a non-current asset costing $500000$ and expected it to remain in use for $20$ years. At the end of that period, it was forecast to have a residual value of $100000$. Depreciation was calculated using the straight-line method. The non-current asset was sold after $10$ years for $120000$, and the selling costs amounted to $10000$. What was the loss on disposal?
- A$130000$
- B$140000$
- C$180000$
- D$190000$