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A fixed asset with a cost of $28,000 and accumulated depreciation of $25,200 is sold for $4,760. What is the amount of the gain or
A fixed asset with a cost of $28,000 and accumulated depreciation of $25,200 is sold for $4,760. What is the amount of the gain or loss on disposal of the fixed asset? Oa. $2,800 loss Ob. $1,960 gain Oc. $1,960 loss Od. $2,800 gain
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