What was the amount of accumulated depreciation on the asset, Financial Accounting

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What was the amount of accumulated depreciation on the asset

Problem

Mayer Instrumentation sold a depreciable asset for cash of $300,000. The original cost of the asset was $1,200,000. Mayer recognized a gain of $45,000 on the 2 2 saie. What was the amount of accumulated depreciation on the asset at the time of its sale?

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Financial Accounting: What was the amount of accumulated depreciation on the asset

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Financial Accounting: What was the amount of accumulated depreciation on the asset

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