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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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