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A fixed asset with a cost of $29,418 and accumulated depreciation of $26,476.20 is sold for $5,001.06. What is the amount of the gain or

A fixed asset with a cost of $29,418 and accumulated depreciation of $26,476.20 is sold for $5,001.06. What is the amount of the gain or loss on disposal of the fixed asset? a. $2,941.80 gain b. $2,059.26 loss c. $2,941.80 loss d. $2,059.26 gain

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