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[The following information applies to the questions displayed below.] The plant assets section of the comparative balance sheets of Anders Company is reported below. During
[The following information applies to the questions displayed below.] The plant assets section of the comparative balance sheets of Anders Company is reported below. During 2021, a building with a book value of $70,000 and an original cost of $300,000 was sold at a gain of $60,000. 1. How much cash did Anders receive from the sale of the building? 2. How much depreciation expense was recorded on buildings during 2021 ? 3. What was the cost of buildings purchased by Anders during 2021
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