Question: for exam 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

for exam A fixed asset with a cost of $30,000 and

accumulated depreciation of $28,500 is sold for $3,500 What is the amount

for exam

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? Select one: O a. $2,000 loss O b. $3,500 gain O c. $1,500 loss O d. $2,000 gain

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