Zer 12 Homework Help Save & Exit Submit Check my work Required Information Use the following information for the Quick Study below. [The following information applies to the questions displayed below) The plant assets section of the comparative balance sheets of Anders Company is reported below. ANDERS COMPANY Comparative Balance Sheets moes como Plant assets Equipment Accumulated depreciation-Equipment Equipment, net Buildings Accumulated depreciation-Buildings Buildings, net $ 230,000 (120,000) $ 110,eee $430,000 (130.000) $ 300,000 329.009 (230,000) $ 90,000 $450.00 (315.ee) $ 135,eee hces QS 12-10 Computing investing cash flows LO P3 During 2019, equipment with a book value of $50,000 and an original cost of $260,000 was sold at a loss of $5.000. 1. How much cash did Anders receive from the sale of equipment? 2. How much depreciation expense was recorded on equipment during 2019? 3. What was the cost of new equipment purchased by Anders during 2019? Cash received from the sale of equ 3 Depreciation expense Purchase of equipment 3. Check my Required Information Use the following information for the Quick Study below. [The following Information applies to the questions displayed below) The plant assets section of the comparative balance sheets of Anders Company is reported below ANDERS COMPANY Comparative Balance Sheets 2019 2018 Plant assets Equipment Accumulated depreciation Equipment Equipment, net Buildings Accumulated depreciation-Buildings Buildings, net $ 230,000 (129,890) $ 110,000 $430,000 (139,890) $399.99 $ 320,000 (230,000) $ 90,000 $450.000 (315,000) $ 135,000 QS 12-11 Computing investing cash flows LO P3 During 2019, a building with a book value of $80,000 and an original cost of $350,000 was sold gain of $70,000 1. How much cash did Anders receive from the sale of the building? 2. How much depreciation expense was recorded on buildings during 20197 3. What was the cost of buildings purchased by Anders during 2019? Cash received from the sale of building Depreciation expense Purchase of building 13 CP 8 E QS 12-8 Computing cash from asset sales LO P3 The following information is from Ellerby Company's comparative balance sheets. At December 31 Furniture Accumulated depreciation Furniture Current Year $160,500 (98, 200) Prior Year $ 222,500 (129,209) The current year Income statement reports depreciation expense on furniture of $27,500. year, furniture costing $62,000 was sold for its book value on December 31, Current Year Complete the general ledger accounts to calculate cash received from the sale of furniture Furniture Beg bal. End, bal Accumulated Depreciation Beg bal Endba Cost Accumulated depreciation Book value (Cash received