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QPF Media operates amusement parks in the United States and Canada. During 2018, e reported the following (in millions): From the income statement Loss
QPF Media operates amusement parks in the United States and Canada. During 2018, e reported the following (in millions): From the income statement Loss on sale of equipment Depreciation expense From the balance sheet Equipment, beginning Equipment, ending Accumulated depreciation, beginning Accumulated depreciation, ending Equipment costing $212 was purchased during the year. Required: $20 221 1,795 1,865 1.665 2,840 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.) (a) Original cost of equipment sold (b) Accumulated Depreciation-Equipment (c) Cash Received from Sale $ in million
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