Question: how do you solve question 3, i dont know why i was marked wrong Required information Use the following information for the Quick Study below.

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. 2016 ANDERS COMPANY Comparative Balance Sheets 2017 plant assets Equipment $ 180,000 Accum. Depr.-Equipment (100,000) Equipment, net $ 80,000 Buildings $ 380,000 Accum. Depr.-Buildings (100,000) Buildings, net $ 280,000 $ 270,000 (210,000) $ 60,000 $ 400,000 (285,000) $ 115,000 OSA Answer is complete and correct. Cash received from the sale of $ 37,000 equipment 2. How much depreciation expense was recorded on equipment during 2017? Answer is complete and correct. Depreciation expense $ 60,000 3. What was the cost of new equipment purchased by Anders during 2017? Answer is complete but not entirely correct. Purchase of equipment $ 110,000 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. 2016 ANDERS COMPANY Comparative Balance Sheets 2017 plant assets Equipment $ 180,000 Accum. Depr.-Equipment (100,000) Equipment, net $ 80,000 Buildings $ 380,000 Accum. Depr.-Buildings (100,000) Buildings, net $ 280,000 $ 270,000 (210,000) $ 60,000 $ 400,000 (285,000) $ 115,000 OSA Answer is complete and correct. Cash received from the sale of $ 37,000 equipment 2. How much depreciation expense was recorded on equipment during 2017? Answer is complete and correct. Depreciation expense $ 60,000 3. What was the cost of new equipment purchased by Anders during 2017? Answer is complete but not entirely correct. Purchase of equipment $ 110,000
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