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The plant assets section of the comparative balance sheets of Anders Company is reported below....

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Accounting

The plant assets section of the comparative balance sheets of Anders Company is reported below.image

2 Part 1 of 2 Use the following information for the Quick Study below. The plant assets section of the comparative balance sheets of Anders Company is reported below. 0.71 points ANDERS COMPANY Comparative Balance Sheets Plant asset Equipment ecun. Depr(140,000) 250,000) Equipment Equipment, set 140,000 120,000 Buildings Accum. Depr.(160,000) 345,000) S 280,000 370,000 eBook Hint S 480,000 500,000 Print Buiidings, net 320,000 155.000 QS 16-5 Indirect: Computing investing cash flows LO P2 During 2017, equipment with a book value of $60,000 and an orlginal cost of $205,000 wes sold at a loss of $7,000 1. How much cash did Anders receive from the sale of equipment? 2. How much deprecietion expense was recorded on equipment during 20177 3. What was the cost of new equipment purchased by Anders during 2017

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