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[The following information applies to the questions displayed below. The plant assets section of the...

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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 (Algo) Computing investing cash flows LO P3 During 2021, equipment with a book value of $51,000 and an original cost of $265,000 was sold at a loss of $5,200. 1. How much cash did Anders receive from the sale of equipment? 2. How much depreciation expense was recorded on equipment during 2021 ? 3. What was the cost of new equipment purchased by Anders during 2021 ? Use the following information for the Quick Study below. (Algo) [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 (Algo) Computing investing cash flows LO P3 During 2021, a building with a book value of $81,000 and an original cost of $355,000 was sold at a gain of $71,000. 1. How much cash did Anders receive from the sale of the building? 2. How much depreciation expense was recorded on bulidings during 2021 ? 3. What was the cost of bulldings purchased by Anders during 2021

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