Balances at the end of financial year 28 February 2022 Equipment R24 000 Accumulated Depreciation R18 000. Adjustment: Depreciation is calculated at 30% p. a. on a diminishing method. An old equipment was disposed for R1 500 cash on 1 December 2021. The equipment originally costed R5 000 . The Accumulated depreciation for previous years is R1 500. The profit/loss for the disposed equipment is: A. Profit/loss R1 050 B. Profit/loss R525 C. Profit/loss R712.50 D. Profit/loss R787,50