In the books of X company. Ltd., the machine account shows a debit balance
of ₹50,000 on 01-04-2020. The machine was sold on 30-09-2021 for ₹40,000.
The company charges depreciation at 10% p.a on diminishing balance method.
What is the profit or loss on sale of machinery?
a] ₹2,500 profit
b] ₹2,500 loss
c] ₹2,750 loss
d) ₹2,750 profit