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A fixed asset with a cost of $25,820 and accumulated depreciation of $23,238.00 is sold for $4,389.40. What is the amount of the gain or
A fixed asset with a cost of $25,820 and accumulated depreciation of $23,238.00 is sold for $4,389.40. What is the amount of the gain or loss on disposal of the fixed asset? a $1,807.40 gain b. $1,807.40 loss C. $2,582.00 gain d. $2,582.00 loss
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