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A fixed asset with a cost of $28,542 and accumulated depreciation of $25,687.80 is sold...

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Accounting

A fixed asset with a cost of $28,542 and accumulated depreciation of $25,687.80 is sold for $4852.14. What is the amount of the gain or loss on disposal of the fixed asset?
A. 1997.94 loss
B. 1997.94 gain
C. 2854.20 loss
D. 2854.20 gain

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