A company sold one of its delivery vehicles for $\$ 2800$ after two years of use. The original cost of the vehicle was $\$ 6500$. The company depreciates its vehicles at 30% per annum using the reducing balance method.
What was the profit or loss on disposal?
1 )
$loss{\text{ }}\$ 200$
$loss{\text{ }}\$ 385$
3 )
$profit{\text{ }}\$ 200$
4 )
$profit{\text{ }}\$ 385$
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