11. The following information relates to Equipment and related accounts of De Soto Corporation: Equipment,beginning balance $260,000 Equipment, ending balance 300,000 Equipment sold during the year: Cost 20,000 Book value 4.000 Fully depreciated equipment written off during the year 20,000 Accumulated Depreciation, beginning balance 180,000 Accumulated Depreciation, ending balance 170,000 (,) (1) Assuming that all of De Soto's equipment purchases are for cash, how much cash was used to purchase equipment during theyear? (2) Assuming De Soto uses the indirect method, the depreciation expense that would be added to income before income tax in computing cash flows from operations would be (10) () 12. On January 1, 2018, Ya-Ling Co. paid $500,000 for 20,000 shares of Chen Co.'s common stock and classified these shares as FVTPL financial assets. The fair value of Chen Co.'s stock at December 31, 2018, is $27 per share. What is the net asset amount (which includes both investments and any related valuation adjustments) attributable to the investment in Chen that will be included on Ya-Ling's balance sheet at December 31, 2018? ( 2013 41 )