Jonathan Limited Bought Plant and Machinery Costing £24,000 3 Years

Jonathan Limited bought plant and machinery costing £24,000 3 years ago. The plant and machinery was estimated to have a residual value of £4,000 and an estimated useful life of 4 years. The plant and machinery has been depreciated on the straight line basis. At the end of the third year, the plant and machinery was sold for £12,000. What is the profit or loss on disposal to deduct or add back to operating profit in the statement of cash flows?

A) £3,000 loss
B) £3,000 profit
C) £6,000 profit
D) £6,000 loss