A second hand machinery was purchased for Rs. 1,00,000 five years ago and was overhauled by carrying out some current repairs at a cost of Rs. 10,000. It has also an accumulated depreciation of Rs. 50,000. It has been disposed of in the beginning of the sixth year for Rs. 60,000. Profit/loss on such disposal shall be

A. Profit of Rs. 10,000

B. Loss of Rs. 50,000

C. Loss of Rs. 40,000

D. No profit, no loss

Answer: Option D