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Mayer Instrumentation sold a depreciable asset for cash of $410,000. The original cost of the asset was $1,420,000. Mayer recognized a gain of $45,000 on

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Mayer Instrumentation sold a depreciable asset for cash of $410,000. The original cost of the asset was $1,420,000. Mayer recognized a gain of $45,000 on the sale. What was the amount of accumulated depreciation on the asset at the time of its sale? Multiple Choice $1,375,000 O $365.000 $1,055 000 $1,100,000

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