Question $6$

On January $1,$ Year $6,$ Picard Company sold a depreciable asset for cash of $$1,200,000,$ and recognized a gain of $$180,000.$ The asset had been purchased on January $1,$ Year $1$ 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?

Select one:

A$.$ $$2,400,000$

B$.$ $$2,750,000$

C$.$ $$1,980,000$

D$.$ $$2,040,000$