Final answer:
The factors used to calculate a gain or loss on the disposal of an asset involve sale price, asset cost, and accumulated depreciation.
Explanation:
Factors used to calculate a gain or loss on the disposal of an asset include:
- Sale price
- Asset cost
- Accumulated depreciation
When an asset is disposed of, the gain or loss is determined by comparing the sale price of the asset with the asset's cost and the accumulated depreciation.
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