A fixed asset with a cost of $29,000 and accumulated depreciation of $26,100 is sold...
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Accounting
A fixed asset with a cost of $29,000 and accumulated depreciation of $26,100 is sold for $4,930. What is the amount of the gain or loss on disposal of the fixed asset? Oa. $2,900 gain Ob. $2,030 loss Oc. $2,900 loss Od. $2,030 gain
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