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6 Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.] Part 2 of
6 Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.] Part 2 of 2 The plant assets section of the comparative balance sheets of Anders Company is reported below. ANDERS COMPANY 6 points Comparative Balance Sheets 2019 2018 Plant assets Equipment $ 185,000 eBook Hint Accumulated depreciation-Equipment Equipment, net Buildings Accumulated depreciation-Buildings Buildings, net (102,000) $275,000 (212,000) $ 83,000 $ 63,000 $385,000 (103,000) $405,000 (288,000) $282,000 $117,000 Print References QS 12-11 Computing investing cash flows LO P3 During 2019, a building with a book value of $71,000 and an original cost of $305,000 was sold at a gain of $61,000. 1. How much cash did Anders receive from the sale of the building? 2. How much depreciation expense was recorded on buildings during 2019? 3. What was the cost of buildings purchased by Anders during 2019? 1. Cash received from the sale of building 2. Depreciation expense 3 Purchase of building
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