Help on question

Hi,

I would be grateful if you could help me with the below question :

In the year ended 30 November 20X9, Karl sold a machine for $5,800. The machine had been bought for $15,000 in July 20X5. Karl depreciates machinery at 20% per annum on the reducing balance basis. He charges a full year’s depreciation in the year an asset is purchased, and no depreciation in the year of sale.

What was the profit or loss on disposal of the machine?

$344 loss
$344 profit
$2,800 loss
$2,800 profit

As per my understanding, the answer should be $344 Proft however the answer is showing as $344 loss. Any help would be really appreciated.

Thanks in advance,
Devina