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Accounting

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[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 16-10 Computing investing cash flows LO P3 During 2019, equipment with a book value of $58,000 and an original cost of $300,000 was sold at a loss of $6,600. 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? Answer is complete but not entirely correct. 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 16-11 Computing investing cash flows LO P3 During 2019, a building with a book value of $88,000 and an original cost of $390,000 was sold at a gain of $78,000. 1. How much cash did Anders recelve from the sale of the building? 2. How much depreciation expense was recorded on buildings during 2019? 3. What was the cost of bulldings purchased by Anders during 2019

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