eAccounting Sleuth: Reconstructing Entries Kasznik Ltd. had the following balances for its property, plant and equipment accounts (in millions of pounds): Property, plant & equipment at cost Accumulated deprecation Property, plant & equipment, net Dec. 31, 2015 Dec. 31, 2016 875 915 (390) 485 (415) 500 During 2016, Kasznik Ltd. paid 140 million in cash to acquire property and equipment, and this amount represents all the acquisitions of property, plant and equipment for the period. The company's income statement reveals depreciation expense of 85 million and a 25 million loss from the disposal of used equipment. Note: Enter answers in millions. a. What was the original cost of the used equipment that Kasznik Ltd. sold during 2016 ? b. How much depreciation had been accumulated on the used equipment at the time it was sold? c. How much cash did Kasznik Ltd. receive from its disposal of used equipment?

Accounting Sleuth: Reconstructing Entries Kasznik Ltd. had the following balances for its property, plant and equipment accounts (in millions of pounds): During 2016, Kasznik Ltd. paid f140 million in cash to acquire property and equipment, and this amount represents all the acquisitions of property, plant and equipment for the period. The company's income statement reveals depreciation expense of E.85 million and a E25 million loss from the disposal of used equipment. Accounting Sleuth: Reconstructing Entries Kasznik Ltd. had the following balances for its property, plant and equipment accounts (in millions of pounds): During 2016, Kasznik Ltd. paid E140 million in cash to acquire property and equipment, and this amount represents all the acquisitions of property, plant and equipment for the period. The company's income statement reveals depreciation expense of 85 million and a 25 million loss from the disposal of used equipment. Note: Enter answers in millions