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Computing Cash Received from the Sale of Property, Plant, and Equipment Using the following information, compute the amount of cash received from the sale of
Computing Cash Received from the Sale of Property, Plant, and Equipment Using the following information, compute the amount of cash received from the sale of the property, plant, and equipment.
Depreciation expense $ 9,700
End of Year Beginning of Year
Property, plant, and equipment $134,000 $124,000
Accumulated depreciation 30,000 38,000
During the year, property, plant, and equipment with an original cost of $26,000 was sold for a gain of $6,500.
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