Question: Check my work modeThis shows what is correct or incorrect for the work you have completed so far. It does not indicates Use the following

 Check my work modeThis shows what is correct or incorrect for

Check my work modeThis shows what is correct or incorrect for the work you have completed so far. It does not indicates Use the following Information for the Quick Study below. The plant assets section of the comparative balance sheets of Anders Company is reported below. Part 1 of 2 ANDERS COMPANY Comparative Balance Sheets Plant assets Equipment Accun. Depr.-Equipment Equipment, net Buildings Accum. Depr.-Buildings Buildings, net 5,255,600 130,00) $ 125,000 5.455, obe (145,00) $ 310,00 2016 $ 345,000 24eece) $ 105,000 $475,600 (338,eee) $ 145,000 QS 16-5 Indirect: Computing investing cash flows LO P2 During 2017, equipment with a book value of $55,000 and an original cost of $285,000 was sold at a loss of $6,000 1. How much cash did Anders doceive from the sale of equipment? Answer is complete but not entirely correct. Answer is completo Cash received from the $ 61,000 2. How much depreciation expense was recorded on equipment during 2017? Answer is complete but not entirely correct. Deprecision expen $45.000 3. What was the cost of new equipment purchased by Anders during 2017

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