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?
A)$2,000 loss
B)$2,000 gain
C)$1,500 loss
D)$3,500 gain

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The Answer of 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?
A)$2,000 loss
B)$2,000 gain
C)$1,500 loss
D)$3,500 gain

A Fixed Asset with a Cost of $30,000 and Accumulated