h$.12$ Homework: Part II

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Ine plant assets section of the comparative balance sheets of Anders Lompany is reported below.

QS $12-10($Algo$)$ Computing investing cash flows LO P$3$

During $2021,$ equipment with a book value of $$65,000$ and an original cost of $$230,000$ was sold at a loss of $$8,000.$

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How much cash did Anders receive from the sale of equipment?

How much depreciation expense was recorded on equipment during $2021?$

What was the cost of new equipment purchased by Anders during $2021?$

$\backslash$table$[[1.$ Cash received from the sale of equipment$],[2.$ Depreciation expense$],[3.$ Purchase of equipment$]]$

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