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What amount of the gain or loss on disposal

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Question 1: A fixed asset with a cost of $34,000 and accumulated depreciation of $30,600 is sold for $5,780. What is the amount of the gain or loss on disposal of the fixed asset?

a. $3,400 loss
b. $3,400 gain
c. $2,380 loss
d. $2,380 gain

Reference no: EM132476442

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