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PLEASE HELP WITH BOTH Required information [The following information applies to the questions displayed below.) The plant assets section of the comparative balance sheets of
PLEASE HELP WITH BOTH
Required information [The following information applies to the questions displayed below.) The plant assets section of the comparative balance sheets of Anders Company is reported below. During 2021, a building with a book value of $85,000 and an original cost of $375,000 was sold at a gain of $75,000. 1. How much cash did Anders receive from the sale of the building? 2. How much depreciation expense was recorded on bulidings during 2021 ? 3. What was the cost of bulldings purchased by Anders during 2021 ? Compute cash flows from financing activities using the above company information. (Amounts to be deducted should be indicated by a minus sign.) Step by Step Solution
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