Company X has office buildings with a historic cost of $300,000 and accumulated depreciation of 150.000. They use the straight line method of depreciation. The building have an expected life of 20 years and a scrap value of $200,000 if the buildings are sold for $600.000. Which of the following statements is true? A. There has been a profit on sale of $150.000
B> There has not been a profit or loss on sale C. There has been a loss on sale of $50,000 D. There has been a loss on sale of $200,000