A fixed asset with a cost of 3411200 and accumulated
Question - A fixed asset with a cost of $34,112.00 and accumulated depreciation of $30,700.80 is sold for $5,799.04. What is the amount of the gain or loss on disposal of the fixed asset?
$3,411.20 gain
$3,411.20 loss
$2,387.84 loss
$2,387.84 gain
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