When an asset with a cost of $500,000 has accumulated depreciation of $500,000,v gain or loss on disposal? asset is sold for $100 asset is retired since it is fully depreciated, a loss of $500,000 will be recorded when written of asset is sold for $500,000 When an asset with a cost of $500,000 has accumulated depreciation of $500,000,v gain or loss on disposal? asset is sold for $100 asset is retired since it is fully depreciated, a loss of $500,000 will be recorded when written of asset is sold for $500,000