MacIntosh Inc.has decided to record their property plant and equipment at fair value.Prior to making the adjustment, the capital asset account had a debit balance of $3,220,000 and the related accumulated depreciation was $1,440,000.An independent appraisal has determined a fair value of $6.3 million.Using the proportional method, what would be the amount of accumulated depreciation immediately after the adjustment to fair value?

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The Answer of MacIntosh Inc.has decided to record their property plant and equipment at fair value.Prior to making the adjustment, the capital asset account had a debit balance of $3,220,000 and the related accumulated depreciation was $1,440,000.An independent appraisal has determined a fair value of $6.3 million.Using the proportional method, what would be the amount of accumulated depreciation immediately after the adjustment to fair value?