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QUESTION 17 A fixed asset with a cost of $30,000 and accumulated depreciation of $28,500 is sold for $3,500. What is the amount of the
QUESTION 17 A fixed asset with a cost of $30,000 and accumulated depreciation of $28,500 is sold for $3,500. What is the amount of the gain or loss on disposal of the fixed asset? a. $2,000 gain b. $1,500 loss O c. $3,500 gain d. $2,000 loss
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