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A fixed asset with a cost of $27,838.00 and accumulated depreciation of $25,054.20 is sold for $4,732.46. What is the amount of the gain or
A fixed asset with a cost of $27,838.00 and accumulated depreciation of $25,054.20 is sold for $4,732.46. What is the amount of the gain or loss on disposal of the fixed asset? Select the correct answer. O $1,948.66 loss $2,783.80 gain O $2,783.80 loss O $1,948.66 gain On June 8, Alton Co. issued an $75,390, 6%, 120-day note payable to Seller Co. Assuming a 360-day year for your calculations, what is the maturity value of the note? When required, round your answer to the nearest dollar. Select the correct answer. O $75,390 O $4,523 O $76,898 O $79,913
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