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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. uring
[The following information applies to the questions displayed below.] The plant assets section of the comparative balance sheets of Anders Company is reported below. uring 2020 , equipment with a book value of $44,000 and an original cost of $230,000 was sold at a loss of $3,800. 1. How much cash did Anders receive from the sale of equipment? 2. How much depreciation expense was recorded on equipment during 2020 ? 3. What was the cost of new equipment purchased by Anders during 2020 ? 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. During 2020, 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 2020 ? 3. What was the cost of buildings purchased by Anders during 2020
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