The details below concern a trader’s non-current assets. • accumulated depreciation at 31 May 2020: $40\,000$ • depreciation charge for the year ended 31 May 2021: $9\,000$ • accumulated depreciation at 31 May 2021: $46\,000$ In the year ended 31 May 2021, a non-current asset costing $10\,000$ was sold. The loss on disposal amounted to $1\,200$. What were the sale proceeds?
- A$5\,800$
- B$7\,000$
- C$8\,200$
- D$8\,800$