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A fixed asset with a cost of $33,839.00 and accumulated depreciation of $30,455.10 is sold for $5,752.63. What is the amount of the gain or

A fixed asset with a cost of $33,839.00 and accumulated depreciation of $30,455.10 is sold for $5,752.63. What is the amount of the gain or loss on disposal of the fixed asset?

Select the correct answer.

a) $2,368.73 loss

b) $3,383.90 loss

c) $2,368.73 gain

d) $3,383.90 gain

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