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A fixed asset with a cost of $30,000 and accumulated depreciation of $28,500 is sold...

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Accounting

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 disposal of the fixed asset? Group of answer choices $2000 loss $1,500 loss $3,500 gain $2,000 loss

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