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Coacut Energy Services Lid of Calgary, Aberta, reported the following for land, buildings and equipment (in millions) Click the icon to view the report) During
Coacut Energy Services Lid of Calgary, Aberta, reported the following for land, buildings and equipment (in millions) Click the icon to view the report) During 2020 Concut Energy paid $715 million for new property and equipment Depreciation for the yoar totaled $376 million During 2020, Collicutt sold property and quement for 520.1 milion How much was collicus gain or loss on the sale of the property and equipment? How would this gain or loss be reported on the incomo statement? Record the sale of the property and equipment How much was collicules gain or loss on the sale of the property and equipment? Compute the cost of land, buildings and equipment sold and the amount of depreciation accumulated on the assets sold (Enter amounts in millions as provided to you in the problem statement, XX.) The cost of land, building, and equipment sold was $ 1 million Enter your answer in the answer box and then click Check Answer 4 pants CA on the Report equ nt sol December 31 2020 2019 $ 528.9 $ 565.0 Land buildings, and equipment Accumulated depreciation (1912) (203.2) Print Done nd then click Check
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