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Brando print shop sold an old copier for $3,500. The copier had a cost of $30,000 and accumulated depreciation of $27,500. What is the amount

Brando print shop sold an old copier for $3,500. The copier had a cost of $30,000 and accumulated depreciation of $27,500. What is the amount of the gain or loss on disposal of the fixed asset?

a. $2,500 loss

b. $1,000 loss

c. $2,500 gain

d. $1,000 gain

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