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During 2001, the balance of Lego Co property, plant, and equipment (PP&E) account decreased by $95,400 and the balance of its accumulated depreciation account increased
During 2001, the balance of Lego Co property, plant, and equipment (PP&E) account decreased by $95,400 and the balance of its accumulated depreciation account increased by $7,640. In addition, Lego Co acquired $215,800 of few PP&E, recognized $65,690 of depreciation expense on its PP&E, and recognized a $5,600 loss on the sale of some old PP&E. How much cash did Lego Co receive from the sale of the old PP&E in 2001?
A $232,270 B $236,350 C $247,550 D $258,750 E None of the above
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