Check my work mode: This shows what is correct or incorrect for the work you have completed so for. It does not indicate completion. Heturn to question Use the following information for the Quick Study below. (Algo) The following information applies to the questions displayed below) The plantensets section of the comparative balance sheets of Anders Company is reported below. ANDERS COMPANY Comparative Year-End Balance Sheets 2021 2020 Plant assets Equipent $ 275,000 $365,000 Accumulated depreciation Equipment 38.000 (240.000 Equipment, net $ 137,000 $117.000 Buildings $ 475,000 $ 495,000 Accumulated depreciation-Butldings 157.000 (342.600) Buildings, net $ 318,000 5.153,000 OS 12-10 (Algo) Computing investing cash flows LO P3 During 2021, equipment with a book value of $59.000 and an original cost of $305,000 was sold at a loss of $6,800 1. How much cash did Anders receive from the sale of equipment? 2. How much depreciation expense was recorded on equipment during 2021? 3. What was the cost of new equipment purchased by Anders during 2021? Return to question 6 2021 2020 2012 Plant assets Equipment Accumulated depreciation-Equipment Equipment, net Buildings Accumulated depreciation-Buildings Buildings, net $ 275,000 (138,000) $ 137,000 $475,00 (157,000) $ 310,000 5 365,000 (248.000 $ 117,000 3.495,000 (342,00) $ 153,000 Part 2 of 2 0.72 po OS 12-11 (Algo) Computing investing cash flows LO P3 During 2021. a building with a book value of $89,000 and an original cost of $395.000 was sold at a gain of $79,000 1. How much cash did Anders receive from the sale of the building? 2. How much depreciation expense was recorded on buildings during 20217 3. What was the cost of buildings purchased by Anders during 2021? Answer is complete but not entirely correct. 1. Cash received from the sale of building $ 52,200 2. Depreciation expense 136 000 3. Purchase of building 215.000 . Check my work mode: This shows what is correct or incorrect for the work you have completed so for. It does not indicate completion. Heturn to question Use the following information for the Quick Study below. (Algo) The following information applies to the questions displayed below) The plantensets section of the comparative balance sheets of Anders Company is reported below. ANDERS COMPANY Comparative Year-End Balance Sheets 2021 2020 Plant assets Equipent $ 275,000 $365,000 Accumulated depreciation Equipment 38.000 (240.000 Equipment, net $ 137,000 $117.000 Buildings $ 475,000 $ 495,000 Accumulated depreciation-Butldings 157.000 (342.600) Buildings, net $ 318,000 5.153,000 OS 12-10 (Algo) Computing investing cash flows LO P3 During 2021, equipment with a book value of $59.000 and an original cost of $305,000 was sold at a loss of $6,800 1. How much cash did Anders receive from the sale of equipment? 2. How much depreciation expense was recorded on equipment during 2021? 3. What was the cost of new equipment purchased by Anders during 2021? Return to question 6 2021 2020 2012 Plant assets Equipment Accumulated depreciation-Equipment Equipment, net Buildings Accumulated depreciation-Buildings Buildings, net $ 275,000 (138,000) $ 137,000 $475,00 (157,000) $ 310,000 5 365,000 (248.000 $ 117,000 3.495,000 (342,00) $ 153,000 Part 2 of 2 0.72 po OS 12-11 (Algo) Computing investing cash flows LO P3 During 2021. a building with a book value of $89,000 and an original cost of $395.000 was sold at a gain of $79,000 1. How much cash did Anders receive from the sale of the building? 2. How much depreciation expense was recorded on buildings during 20217 3. What was the cost of buildings purchased by Anders during 2021? Answer is complete but not entirely correct. 1. Cash received from the sale of building $ 52,200 2. Depreciation expense 136 000 3. Purchase of building 215.000
