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A fixed asset with a cost of $34,812 and accumulated depreciation of $31,330.80 is sold for $5,918.04. What is the amount of the gain or

A fixed asset with a cost of $34,812 and accumulated depreciation of $31,330.80 is sold for $5,918.04. What is the amount of the gain or loss on disposal of the fixed asset?

a. $3,481.20 gain

b. $2,436.84 gain

c. $3,481.20 loss

d. $2,436.84 loss

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