e plant assets section of the comparative balance sheets of Anders Company is reported below....
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e plant assets section of the comparative balance sheets of Anders Company is reported below. 15. Th ANDERS COMPANY Comparative Balance Sheets 2016 2015 Plant assets $265,000 355,000 Equipment Accum. Depr.-Equipment (134,000) (244,000) Equipment, net $131,000 111,000 Refer to the balance sheet data above from Anders Company. During 2016, equipment with a book value of $57,000 and an original cost of $295,000 was sold at a loss of $6,400. a. (2 points) How much cash did Anders receive from the sale of equipment? b. (2 points) What was the cost of new equipment purchased by Anders during 2016? c. (2 points) How much depreciation expense was recorded on equipment during 2016
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