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38) ans asap!! Mayer Instrumentation sold a depreciable asset for cash of $320,000. The original cost of the asset was $1,240,000. Mayer recognized a gain

38) ans asap!!
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Mayer Instrumentation sold a depreciable asset for cash of $320,000. The original cost of the asset was $1,240,000. Mayer recognized a gain of $27,000 on the sale. What was the amount of accumulated depreciation on the asset at the time of its sale? Multiple Choice $947,000 $1,213,000 $293,000. $974,000

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