Meubles Fischer SA had the following balances for its property, plant, and equipment accounts (in thousands of euros):

During fiscal year 2018, Meubles Fischer acquired €100 thousand in property by signing a mortgage, plus another €300 thousand in equipment for cash. The company also received €100 thousand in cash from the sale of used equipment, and its income statement reveals a €20 thousand gain from this transaction.

a. What was the original cost of the used equipment that Meubles Fischer SA sold during fiscal year 2018?

b. How much depreciation had been accumulated on the used equipment at the time it was sold?

c. How much depreciation expense did Meubles Fischer SA recognize in its fiscal year 2018 income statement?

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September 30, 2017 September 30, 2018 Property, plant, and equipment at cost.. Accumulated depreciation.... €1,000 €1,200 .... (350) (390) Property, plant, and equipment, net. € 650 € 810