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Jerabek Inc, decided to sell one of its fixed assets that had a cost of $55,000 and accumulated depreciation of $35,000 on July 1, 2019.

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Jerabek Inc, decided to sell one of its fixed assets that had a cost of $55,000 and accumulated depreciation of $35,000 on July 1, 2019. On this date, Jerabek sold the fixed asset for $15,000. What was the resulting gain or loss from the sale of the asset? A. $5,000 loss B.$5,000 gain OC. $15,000 loss OD. $15,000 gain

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