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SS connect.mheducation.com%2 rowan blackboard Rowan self service G My Print Center Dashboard Saved He quirea information The plant assets section of the comparative balance sheets
SS connect.mheducation.com%2 rowan blackboard Rowan self service G My Print Center Dashboard Saved He quirea information The plant assets section of the comparative balance sheets of Anders Company is reported below ANDERS COMPANY Comparative, Balance Sheets 2017 2016 Plant assets Equipment Accum. Depr.-Equipment $ 180,000 (100,000) Equipment, net $ 80,000 Buildings Accum. Depr.-Buildings Buildings, net $580,000 (100,000) $ 260,000 $270,000 (210,000) $60,000 $ 400,000 (285,000) $ 115,000 During 2017, equipment with a book value of $40,000 and an original cost of $210,000 was sold at a loss of $3.000 1. How much cash did Anders receive from the sale of equipment? Cash recaived from the sale of equipment search C 13 9 Required information 2. How much depreciation expense was recorded on equipment during 2017? Depreciation expense 3. What was the cost of new equipment purchased by Anders during 2017? Purchase of equipment
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