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  3. a fixed asset with a cost of $31,207 and accumulat

A fixed asset with a cost of $31,207 and accumulated depreciation of $28,086.30 is sold...

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Accounting

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A fixed asset with a cost of $31,207 and accumulated depreciation of $28,086.30 is sold for $5,305.19. What is the amount of the gain or loss on disposal of the fixed asset? O a. $3,120.70 gain Ob. $3,120.70 loss Oc. $2,184.49 gain O d. $2,184.49 loss

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