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PF Media operates amusement parks in the United States and Canada. During 2018, it reported the following (in millions): From the income statement Loss on
PF Media operates amusement parks in the United States and Canada. During 2018, it reported the following (in millions): From the income statement Loss on sale of equipment $ 10 Depreciation expense 173 From the balance sheet Equipment, beginning 1,755 Equipment, ending 1,825 Accumulated depreciation, beginning 1,625 Accumulated depreciation, ending 1,760 Equipment costing $196 was purchased during the year. Required: For the equipment that was disposed of during the year, compute the following: (a) its original cost, (b) its accumulated depreciation, and (c) the cash received from the disposal. (Enter your answers in millions.)
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