Question: The notes from the 2016 annual report for BIG Inc. showed a PP&Ehistorical cost of $6,805 at the end of 2016. At the end of
The notes from the 2016 annual report for BIG Inc. showed a PP&Ehistorical cost of $6,805 at the end of 2016. At the end of 2015 the PP&E historical cost was $7,327. During 2016, the company purchased new equipment for $254. The balance in the accumulated depreciation at the end of 2016 was $5,254. At the end of 2015, the balance in the accumulated depreciation account was $5,516. Depreciation expense for 2016 was $420. The company reported a $14 gain on the sale of PP&E during 2016.
How much cash did BIG Inc. receive during 2016 for the PP&E assets that were sold?
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