Susan operates as a trader. Her financial year ends on 5 April. On 6 April 2023, she purchased a motor vehicle for $10000. Depreciation was provided at 25% using the straight-line basis, and it was sold on 15 May 2025 for $3000. No depreciation was charged during the year of disposal. What was the profit or loss on disposal?
- Aloss $2000
- Bloss $2625
- Cprofit $500
- Dprofit $3000