Mayer Instrumentation sold a depreciable asset for cash of $440,000. The original cost of the asset was $1,480,000. Mayer recognized a gain of $51,000 on the sale. What was the amount of accumulated depreciation on the asset at the time of its sale? Multiple Choice

$1,091,000.

$389,000.

$1,429,000.

$1,142,000.