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Question
A fixed asset with a cost of $30,000 and accumulated depreciation of $28,500 is sold for $3,500. What is the amount of the gain or loss on the sale of the fixed asset?
a. $2,000 loss
b. $1,500 loss
c. $3,500 gain
d. $2,000 gain
Answer
This answer is hidden. It contains 1 characters.
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