A fixed asset with a cost of $31,021 and accumulated depreciation of $27,918.90 is sold for $5,273.57. What is the amount of the gain or loss on disposal of the fixed asset? Oa. $2,171.47 loss Ob. $3,102.10 loss Oc. S2,171.47 gain Od. S3,102.10 gain

A fixed asset with a cost of $25,104 and accumulated depreciation of $22,593.60 is sold for $4,267.68. What is the amount of the gain or loss on disposal of the fixed asset? a.$1,757.28 gain b.$2,510.40 loss c.$1,757.28 loss d.$2,510.40 gain

Assume Sambazon.com e sold an acai processing machine for $172,000 cash. If accumulated depreciation on the sale date was $58,311 and a gain of $6,721 was recognized on the sale, what was the original cost of the asset? O $223,590 O $216,869 O $165,279 O $65,032 O $113,689

A fixed asset with a cost of $24,737 and accumulated depreciation of $22,263 is traded for a similar asset priced at $60,057 (fair market value) in a transaction with a commercial substance. Assuming a trade-in allowance of $4,264, at what cost will the new equipment be recorded in the books?  a.$4,264 b.$1,790 c.$60,057 d.$20,473