Question: L 0 4 - 5 E 4 - 3 6 . Accounting Sleuth: Reconstructing Entries Meubles Fischer SA had the following balances for its property,

L04-5 E4-36. Accounting Sleuth: Reconstructing Entries
Meubles Fischer SA had the following balances for its property, plant, and equipment accounts (in thousands of euros):Sept. 30 Year 3Sept. 30 Year 4
During fiscal Year 4, Meubles Fischer acquired 200 thousand in property by signing a mortgage, plus another \(600\) thousand in equipment for cash. The company also received \(200\) thousand in cash from the sale of used equipment, and its income statement reveals a 40 thousand gain from this transaction.
a. What was the original cost of the used equipment that Meubles Fischer SA sold during fiscal Year 4?
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 4 income statement?
L 0 4 - 5 E 4 - 3 6 . Accounting Sleuth:

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