1. How much cash did Anders receive from the sale of equipment?

2. How much depreciation expense was recorded on equipment during 2017?

3. What was the cost of new equipment purchased by Anders during 2017?

During 2017, a building with a book value of $72,000 and an original cost of $310,000 was sold at a gain of $62,000.

1. How much cash did Anders receive from the sale of the building?

2. How much depreciation expense was recorded on buildings during 2017?

3. What was the cost of buildings purchased by Anders during 2017?

Required information The plant assets section of the comparative balance sheets of Anders Company is reported below. ANDERS COMPANY Comparative Balance Sheets 2017 2016 Plant assets 190,000 280,000 Equipment Accum. Depr.-Equipment(104,000) Equipment, net Buildings Accum. Depr.-Buildings Buildings, net (214,000) $ 86,000 66,000 $ 390,000 410,000 (106,000) (291,000) $ 284,000 119,000 During 2017, equipment with a book value of $42,000 and an original cost of $220,000 was sold at a loss of $3,400