9706/12 Accounting Feb Mar 2023 Online Test | Cambridge AS and A Level MCQ

A business purchased a non-current asset for $\$ 500000$ with an expected life of 20 years. After that time it was expected to be sold for $\$ 100000$. It was depreciated using the straight-line method.
The non-current asset was sold after 10 years for $\$ 120000$ with selling costs of $\$ 10000$.
What was the loss on disposal?