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Table 18-2 Pope Limited reported the following data for 20X9: Beginning plant assets $75,000 Beginning accumulated depreciation 10,200 Depreciation expense for the year 3,200 Purchases
Table 18-2 Pope Limited reported the following data for 20X9: Beginning plant assets $75,000 Beginning accumulated depreciation 10,200 Depreciation expense for the year 3,200 Purchases of new assets 5,600 Ending plant assets 75,400 Loss on sale of plant assets 2,600 Ending accumulated depreciation 11,100 Cash received from the sale of plant assets amounted to $300. Refer to Table 18-2. What was the cost of the plant assets sold in 20X9? $10,000 $6,200 $5,200 $9,400
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