Using the following information, compute cash paid to purchase property, plant, and equipment. Depreciation expense . .
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Depreciation expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $9,700
.......................................................End of Year ...................... Beginning of Year
Property, plant, and equipment . . . . . . . . . . . . . . $134,000 ...........................$124,000
Accumulated depreciation . . . . . . . . . . . . . . . . . . 32,000 . . . . . . . . . . . . . . . . . . . . 41,000
During the year, property, plant, and equipment with an original cost of $28,000 was sold for a gain of $6,500?
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