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A fixed asset with a cost of $30,446 and accumulated depreciation of $27,401.40 is sold for $5,175.82. What is the amount of the gain or
A fixed asset with a cost of $30,446 and accumulated depreciation of $27,401.40 is sold for $5,175.82. What is the amount of the gain or loss on disposal of the fixed asset?
a.$3,044.60 gain
b.$2,131.22 loss
c.$2,131.22 gain
d.$3,044.60 loss
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