Kevin Disposed of a Non-Current Asset on 23 February 20X6

Multiple Choice

Kevin disposed of a non-current asset on 23 February 20X6 for £7752.He had bought the asset on 1 July 20X1 for £28 000, applying a policy of depreciating it over 8 years on the straight-line basis with 1/12^th of the annual depreciation charged for each full month of ownership.He assumed a residual value of £3000. What was the loss on disposal (to the nearest £) ?

A) £5925
B) £4206
C) £2925
D) £6571