Xanthe runs a florist’s shop. Her assistant goes out every day in the van delivering flowers. The van accumulates high mileage quickly and Xanthe usually replaces it every 3 years. The van cost £10...

Xanthe runs a florist’s shop. Her assistant goes out every day in the van delivering flowers. The van accumulates high mileage quickly and Xanthe usually replaces it every 3 years. The van cost £10 100 on 1 June 2009 and Xanthe has depreciated it on the reducing balance basis at 30% per year for 3 years. She sells it on 1 June 2012 for £3000.

What is the profit or loss on the sale of the van?