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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
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 2 of 2 2016 208,00e 290,000 Accum. Depr.-Equipment 108,000 $ 92,000 72,000 s 400,000 420,000 (112,000) (297,000) 288,00e 123,000 Buildings Accum. Depr.-Buildings During 2017, a building with a book value of $74,000 and an original cost of $320,000 was sold at a gain of $64.000. 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? nces ved from the sale of building expense
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