Question: 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
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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. QS 12-10 Computing investing cash flows LO P3 During 2019 , equipment with a book value of $43,000 and an original cost of $225,000 was sold at a loss of $3,600. 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 ? 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. QS 12-11 Computing investing cash flows LO P3 During 2019 , a building with a book value of $73,000 and an original cost of $315,000 was sold at a gain of $63,000. 1. How much cash did Anders receive from the sale of the building? 2. How much depreciation expense was recorded on buildings during 2019 ? 3. What was the cost of buildings purchased by Anders during 2019
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