Question
Thanks in advance The plant assets section of the comparative balance sheets of Anders Company reported below. ANOkSC0kPANv Comparative Year-End Balance Sheets 2021 (128, 000)
Thanks in advance
The plant assets section of the comparative balance sheets of Anders Company reported below. ANOkS"C0kPANv Comparative Year-End Balance Sheets 2021 (128, 000) (238. 000) (142, ego) (327. aoa) Plant assets Equipment Accumulated depreciationEquipment Equipment, net Buildings Accumulated depreciatiorvBuildings Buildings. net S 250, ago s 122,000 S 450, ooo s 308, ooo S 340,000 s 102, oa s 470, ooo S 143,000 During 2021, equipment With a book Value Ot S54.OOO and an Original cost Of $280,000 was sold at a loss of $5,800. I. How much cash did Anders receive from the sale Ofequipment? 2. How much depreciation expense was recorded on equipment during 2021? 3. What was the cost Of new equipment purchased by Anders during 2021? I Cash 2 opense '3 Pucnase of equipment
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