Plant assets Equipment ANDERS COMPANY Comparative Year-End Balance Sheets Accumulated depreciation-Equipment Equipment, net Buildings 2021 $ 180,000 (100,000) $ 80,000 2020 $ 270,000 (210,000) $ 60,000 Accumulated depreciation-Buildings Buildings, net $ 380,000 (100,000) $ 400,000 (285,000) $ 280,000 $ 115,000 Chec QS 16-11 (Static) Computing investing cash flows LO P3 During 2021, a building with a book value of $70,000 and an original cost of $300,000 was sold at a gain of $60,000 1. How much cash did Anders receive from the sale of the building? 2. How much depreciation expense was recorded on buildings during 2021? 3. What was the cost of buildings purchased by Anders during 2021? 1. Cash received from the sale of building 2 Depreciation expense 3. Purchase of building < Prev 85 of 6 Next >