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Please help me with answer c, thanks! Meubles Fischer SA had the following balances for its property, plant and equipment accounts (in thousands of euros):
Please help me with answer c, thanks! Meubles Fischer SA had the following balances for its property, plant and equipment accounts (in thousands of euros): During fiscal year 2013, Meubles Fischer acquired 110 thousand in property by signing a mortgage plus another 310 thousand in equipment for cash. The company also received 110 in cash from the sale of used equipment and its income statement reveals a 30 thousand gain from this transaction. What was the original cost of the used equipment that Meubles Fischer SA sold during fiscal year 2013? thousand b. How much depreciation had been accumulated on the used equipment at the time it was sold? thousand c. How much depreciation expense did Meubles Fischer SA recognize in its fiscal year 2013 income statement? thousand
Please help me with answer c, thanks!
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