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A fixed asset with a cost of $30,536 and accumulated depreciation of $27,482.40 is sold for $5,191.12. What is the amount of the gain or
A fixed asset with a cost of $30,536 and accumulated depreciation of $27,482.40 is sold for $5,191.12. What is the amount of the gain or loss on disposal of the fixed asset?
a.$3,053.60 gain
b.$2,137.52 loss
c.$2,137.52 gain
d.$3,053.60 loss
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