On January 1,2016, Atlanta Instruments sold a depreciable asset for cash of $800,000, and recognized a gain of $120,000. The asset had been purchased on January 1,2011 with an estimated useful life of 10 years, and no salvage value. The asset was depreciated using the straight-line method. What must have been the original cost of the asset? A) $1,360,000 B) $1,840,000 C) $1,320,000 D) $1,600,000