Required information

Skip to question

$[$The following information applies to the questions displayed below.$]$

The plant assets section of the comparative balance sheets of Anders Company is reported below.

ANDERS COMPANY

Comparative Year$-$End Balance Sheets

$20202019$

Plant assets

Equipment $ $285,000$ $ $375,000$

Accumulated depreciation$$Equipment $(142,000)(252,000)$

Equipment, net $ $143,000$ $ $123,000$

Buildings $ $485,000$ $ $505,000$

Accumulated depreciation$$Buildings $(163,000)(348,000)$

Buildings, net $ $322,000$ $ $157,000$

During $2020,$ a building with a book value of $$91,000$ and an original cost of $$405,000$ was sold at a gain of $$81,000.$

How much cash did Anders receive from the sale of the building?

How much depreciation expense was recorded on buildings during $2020?$

What was the cost of buildings purchased by Anders during $2020?$