Accounting for depreciation and disposal of non-current assets — practice question

A machine that had cost $32\,000$ was sold for $14\,000$. By the date it was disposed of, accumulated depreciation amounted to $15\,000$. What profit or loss arose on disposal?

• A$3000$ profit
• B$3000$ loss
• C$18\,000$ profit
• D$18\,000$ loss