A fixed asset with a cost of $34000 accumulated depreciation of $30600 is sold for...
70.2K
Verified Solution
Link Copied!
Question
Accounting
A fixed asset with a cost of $34000 accumulated depreciation of $30600 is sold for $5780 what is the amount of the gain or loss on disposal of the fixed asset?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
