Comparative Balance Sheet

Business: The plant assets section of the comparative balance sheets of Anders Company is reported below ANDERS COMPANY Comparative Balance Sheets Part 2 of 2 2017 2016 Plant assets Equipment Accum. Depr.-Equipment $ 205,0ee (110,000) $ 295,000 (220,000) 2.5 Equipment, net $ 95,000 75,0ee points Buildings Accum. Depr.-Buildings S 405,000 (115,0e0) $ 290,00e $ 425,000 (300,00e) Skipped Buildings, net $ 125,000 eBook QS 12-6 Indirect: Computing investing cash flows LO P2 Print During 2017,

a building with a book value of $75,000 and an original cost of $325,000 was sold at a gain of $65,000 1. How much cash did Anders receive from the sale of the building? 2. How much depreciation expense was recorded on buildings during 2017? 3. What was the cost of buildings purchased by Anders during 2017? References Cash received from the sale of building 2 Depreciation expense Purchase of building.

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