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On January 1, 2019. Jazz Instruments sold a depreciable asset for cash of $1,000,000 and recognized a gain of $120,000. The asset had been purchased on January 1, 2014 with an estimated useful life of 10 years, and no salvage value. The asset was depreciated using the straight line method. What was the original cost of the asset? Select one: a. $1,760,000 b. $1,120,000 C. $1,880,000 d. $880,000