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  3. a fixed asset with a cost of $32,732.00 and accumu

A fixed asset with a cost of $32,732.00 and accumulated depreciation of $29,458.80 is sold...

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Accounting

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A fixed asset with a cost of $32,732.00 and accumulated depreciation of $29,458.80 is sold for $5,564.44. What is the amount of the gain or loss on disposal of the fixed asset? Select the correct answer. $3,273.20 loss $3,273.20 gain $2,291.24 loss $2,291.24 gain

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