What was the amount of accumulated depreciation on the asset


Mayer Instrumentation sold a depreciable asset for cash of $500,000. The original cost of the asset was $1,600,000. Mayer recognized a gain of $63,000 on the sale. What was the amount of accumulated depreciation on the asset at the time of its sale?

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Accounting Basics: What was the amount of accumulated depreciation on the asset
Reference No:- TGS0718666

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