Answer:
$1,079,000
Explanation:
Calculation for Chegg "Mayer Instrumentation amount of accumulated depreciation on the asset at the time of its sale
Using this formula
Original cost of asset -Depreciable asset + Gain Recognized =Amount of accumulated depreciation
Where:
Original cost of asset =$1,460,000
Depreciable asset =$430,000
Gain Recognized=$49,000
Hence:
$1,460,000-$430,000
=$1,030,000
$1,030,000+$49,000
=$1,079,000
Therefore the amount of accumulated depreciation is $1,079,000
