Question: Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The plant assets section
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Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The plant assets section of the comparative balance sheets of Anders Company is reported below. QS 12-10 (Algo) Computing investing cash flows LO P3 During 2021, equipment with a book value of $52,000 and an original cost of $270,000 was sold at a loss of $5,400. 1. How much cash did Anders receive from the sale of equipment? 2. How much depreciation expense was recorded on equipment during 2021 ? 3. What was the cost of new equipment purchased by Anders during 2021 ? Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The plant assets section of the comparative balance sheets of Anders Company is reported below. QS 12-11 (Algo) Computing investing cash flows LO P3 During 2021, a building with a book value of $82,000 and an original cost of $360,000 was sold at a gain of $72,000. 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
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