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An asset that costs $22,000 and has accumulated depreciation of $7,500 is sold for $13,200. What amount of gain or loss will be recognized when

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An asset that costs $22,000 and has accumulated depreciation of $7,500 is sold for $13,200. What amount of gain or loss will be recognized when the asset is sold? Multiple Choice A loss of $1,300. A gain of $1,300. A gain of $8,800. A loss of $8,800. O

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