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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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