The plant assets section of the comparative balance sheets of Anders Company is reported below. During…
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Question “The plant assets section of the comparative balance sheets of Anders Company is reported below. During…”
The plant assets section of the comparative balance
sheets of Anders Company is reported below.
During 2017, Equipment with a book value of $40,000
and an original cost of $210,000 was sold at a loss of $3,000.
3 Required Information The foliowing information applies to the questions displayed below. The plant assets section of the comperative balance sheets of Anders Company is reported below Part 1 of 2 points Comparative Balance Sheets 2017 2016 Plant assets s 180, 000 270, 000 (210, 000) 60, 00 Accum. Depr.-Equipment Equipment, net Buildings Accum. Depr.-Buildings Buildings, net (1e0, ee0) 80, 000 Print (100,000)(285, 000) $ 280,000 $ 115, 000 During 2017, equipment with a book value of $40,000 and an original cost of $210,000 was sold at a loss of $3,000 1. How much cash did Anders receive from the sale of equipment? Prey 3 4 ofNxt Mc 3 4 of 8
3 Required information Part 1 of 2 2. How much depreciation expense was recorded on equipment during 2017? Print 3. What was the cost of new equipment purchased by Anders during 2017? of < Prev | 3 4 | of 8 İİİ Next >
Answer
HomeworkLib Microsoft Excel Home Insert Page Layout Formulas Data Review View % Cut 2 AutoSum Calibri Pas te /Format Painter B 1 u. Tian *oa- ryolke iRR HMerge & Center. $. $. Insert Detett Format deer. ClearFilter 2 Select Editing Formatting as Table Styles Styles 2 1.cash received by the sales of equipment $37000 2 3.purchase of equipment-$120000 4 6. Working note: 8 To balance b/d 37000 9 To cash (purchase) 120000 by loss accumulated d 170000 390000 18 to de 19 on sales assets 210000 21 22 To balance balance c/d 100000 270000 14 H Sheet25
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