MeadowLand operates amusement parks in the United States and Canada. During it reported the following in millions:
From the income statement
Loss on sale of equipment
Depreciation expense
$
From the balance sheet
Equipment, beginning
Equipment, ending
Accumulated depreciation, beginning
Accumulated depreciation, ending
Equipment costing $ was purchased during the year.
Required:
For the equipment that was disposed of during the year, compute the following: a its original cost, b its accumulated depreciation, and c the cash received from the disposal. Enter your answers in millions.
tablesin milliona Original cost of equipment sold,
b Accumulated DepreciationEquipment
c Cash Received from Sale
