Chelonia Mydas Purchased a Machine for $500 000 Three Years

Chelonia Mydas purchased a machine for $500 000 three years ago. The machine can be fully depreciated for tax purposes over 5 years. The tax rate is 30 per cent. Assume that Chelnoia decides to sell the machine for $150 000. What is the tax effect of the disposal?

A) No tax effect
B) Tax saving of $15 000
C) Tax expense of $15 000
D) Tax expense of $45 000