Required information Cash received from the sale of equipment $ 48,200 2. How much depreciation expense was recorded on equipment during 2017? Answer is complete and correct. Depreciation expense 116,000 3. What was the cost of new equipment purchased by Anders during 2017? Answer is complete and correct. Purchase 01 equipment 190.000 search Homework Saved VALIVYVINUUVILIVIMICN WIMMY M. The plant assets section of the comparative balance sheets of Anders Company is reported below. 2016 ANDERS COMPANY Comparative Balance Sheets 2017 Plant assets Equipment 250,000 Accum. Depr.-Equipment (128 , ) Equipment, net $ 122,000 Buildings $ 450,000 Accum. Depr. Buildings (142, 000) Buildings, net $ 308,000 $ 340,000 (238,000) $ 102,000 $ 470,000 (327,000) $ 143, 080 QS 16-6 Indirect: Computing investing cash flows LO P2 During 2017 a building with a book value of $84,000 and an original cost of $370,000 was sold at a gain of $74.000. 1. How much cash did Anders receive from the sale of the building? 2. How much depreciation expense was recorded on buildings during 2017? 3. What was the cost of buildings purchased by Anders during 2017? 1 2 Cash received from the sale of building Depreciation expense Purchase of building 3 Prey. CO 3 of 7 Next > Search