Question: QS 1 2 - 1 1 ( Algo ) Computing investing cash flows LO P 3 During 2 0 2 1 , a building with

QS 12-11(Algo) Computing investing cash flows LO P3
During 2021, a building with a book value of \(\$ 78,000\) and an original cost of \(\$ 340,000\) was sold at a gain of \(\$ 68,000\).
1. How much cash did Anders receive from the sale of the building?
2. How much depreciation expense was recorded on buildings during 2021?
3. What was the cost of buildings purchased by Anders during 2021?
1. Cash received from the sale of building
2. Depreciation expense
3. Purchase of building
QS 1 2 - 1 1 ( Algo ) Computing investing cash

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