Mayer Instrumentation sold a depreciable asset for cash $300,000. The original cost of the asset was $1,200,000. Mayer recognized a gain of S45,000 on the sale. What was the amount of accumulated depreciation on the asset at the time of its sale? A. $945,000 B. $255.000 C. $1,155,000 D. $990,000 Land is purchased for $456,000. Additional costs include a $30,300 fee to a broker, a survey fee of $3,400, $2,750 to construct a fence, and a legal fee of $12,500. What is the cost of the land? A. $456,000 B. $486,000 C. $502,200 D. $504,950 Mayer Instrumentation sold a depreciable asset for cash $300,000. The original cost of the asset was $1,200,000. Mayer recognized a gain of S45,000 on the sale. What was the amount of accumulated depreciation on the asset at the time of its sale? A. $945,000 B. $255.000 C. $1,155,000 D. $990,000 Land is purchased for $456,000. Additional costs include a $30,300 fee to a broker, a survey fee of $3,400, $2,750 to construct a fence, and a legal fee of $12,500. What is the cost of the land? A. $456,000 B. $486,000 C. $502,200 D. $504,950