Principles of Accounting Volume 1
19th Edition
ISBN: 9781947172685
Author: OpenStax
Publisher: OpenStax College
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Transcribed Image Text:A fixed asset with a cost of $30,000 and accumulated
depreciation of $28.000 is sold for $3.500. What is the
amount of the gain or loss on disposal of the fixed asset?
a. $2,000 loss
b. $1.500 gain
c. $3,500 gain
d. $2.000 gain
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