If it is not too much to ask, could I please have both explainations for the equipment AND land?? I'm very lost, and im hoping more exposure will help me understand the concept a little better..

Required information [The following information applies to the questions displayed below.) The plant assets section of the comparative balance sheets of Anders Company is reported below. 2018 ANDERS COMPANY Comparative Balance Sheets 2019 Plant assets Equipment $ 290,000 Accumulated depreciation- Equipment (144,000) Equipment, net $ 146,000 Buildings $ 490,000 Accumulated depreciation- (166,000) Buildings Buildings, net $ 324,000 $ 380,000 (254,000) $ 126,000 $ 510,000 (351,000) $ 159,000 During 2019, equipment with a book value of $62.000 and an original cost of $215.000 was sold at a loss of $7,400. 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? 1 CON Cash received from the sale of equipment Depreciation expense Purchase of equipment