The plant assets section of the comparative balance sheets of Anders Company is reported below. ANDERS COMPANY
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Question:
The plant assets section of the comparative balance sheets of Anders Company is reported below.
| ANDERS COMPANY | ||
|---|---|---|
| Comparative Year-End Balance Sheets | ||
| 2021 | 2020 | |
| Plant assets | ||
| Equipment | $ 290,000 | $ 380,000 |
| Accumulated depreciationEquipment | (144,000) | (254,000) |
| Equipment, net | $ 146,000 | $ 126,000 |
| Buildings | $ 490,000 | $ 510,000 |
| Accumulated depreciationBuildings | (166,000) | (351,000) |
| Buildings, net | $ 324,000 | $ 159,000 |
During 2021, a building with a book value of $92,000 and an original cost of $410,000 was sold at a gain of $82,000.
- How much cash did Anders receive from the sale of the building?
- How much depreciation expense was recorded on buildings during 2021?
- What was the cost of buildings purchased by Anders during 2021?
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