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25 A fixed asset with a cost of $34,571 and accumulated depreciation of $31,113.90 is sold for $5,877.07. What is the amount of the gain

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A fixed asset with a cost of $34,571 and accumulated depreciation of $31,113.90 is sold for $5,877.07. What is the amount of the gain or loss on disposal of the fixed asset? a. $3,457.10 loss b. $3,457.10 gain c. $2,419.97 gain d. $2,419.97 loss

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