The plant assets section of the comparative balance sheets of Anders Company is reported below...
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The plant assets section of the comparative balance sheets of Anders Company is reported below Anders Company Comparative Balance Sheets 2015 2014 Plant assets Equipment Accum. Depr.-Equipment 5 285,000 375,000 142.000 (252.000) Equipment, net Buildings Accum. Depr Buildings 5 143.000 123.000 5 485,000 505,000 (163.000) (348,000) Buildings, net 5 322,000 157.000 During 2015, equipment with a book value of S61,000 and an original cost of $210,000 was sold at a loss of 57,200 1. How much cash did Anders receive from the sale of equipment? Cash received from the sale of equipment$ 53,800 2. How much depreciation expense was recorded on equipment during 2015? epreci ation expense 3. What was the cost of new equipment purchased by Anders during 2015? Purchase of equipment
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