EquipmentAccumulated depreciation-Equipment$ 180,000(100, ееө)$ 80,000Equipment, netBuildingsAccumulated depreciation-Buildings$ 270,000(210, ее0)$ 60,000$ 400,000(285,000)$ 115,000$ 380,000(100, ө0ө)$ 280,000Buildings, netDuring 2019, a building with a book value of $70,000 and an original cost of $300,000 was sold at a gain of $60,000.1. How much cash did Anders receive from the sale of the building?2. How much depreciation expense was recorded on buildings during 2019?3. What was the cost of buildings purchased by Anders during 2019?ces1.Cash received from the sale of building2.Depreciation expense3.Purchase of building< Prevof 14Next >.. Required information[The following information applies to the questions displayed below.]The plant assets section of the comparative balance sheets of Anders Company is reported below.ANDERS COMPANYComparative Balance Sheets20192018Plant assetsEquipmentAccumulated depreciation-Equipment$ 180,000(100,e00)$ 80,000$ 380,000(100,000)$ 280,000$ 270,000(210,000)$ 60,000$ 400,000(285,000)$ 115,000Equipment, netBuildingsAccumulated depreciation-BuildingsBuildings, netDuring 2019, a building with a booklue of $70,000 and an original cost of $300,000 was sold at a gain of $60,000.1. How much cash did Anders receive from the sale of the building?2 How much denreciation evnense was recorded on buildinas during 20192...< Prevof 14Next >Chat

Accumulated Depreciation on sold Building = Original cost - Book value = $300,000 - $70,000 =…

The plant assets section of the comparative balance sheets of Anders Company is reported below. ANDERS COMPANY Comparative Balance Sheets 2019 2018 Plant assets Equipment Accumulated depreciation-Equipment $ 180,000 |(100,000) $ 80,000 $ 380,000 (100, еee) $ 280,e00 $ 270,000 (210,e00) $ 60,000 $ 400,e00 (285,000) $ 115,000 Equipment, net Buildings Accumulated depreciation-Buildings Buildings, net During 2019, a building with a book value of $70,000 and an original cost of $300,000 was sold at a gain of $60,000. 1. How much cash did Anders receive from the sale of the building? 2 How much denreciation evnense was recorded on huildingc during 2019?

The plant assets section of the comparative balance sheets of Anders Company is reported below. ANDERS COMPANY Comparative Balance Sheets 2019 2018 Plant assets Equipment Accumulated depreciation-Equipment $ 180,000 |(100,000) $ 80,000 $ 380,000 (100, еee) $ 280,e00 $ 270,000 (210,e00) $ 60,000 $ 400,e00 (285,000) $ 115,000 Equipment, net Buildings Accumulated depreciation-Buildings Buildings, net During 2019, a building with a book value of $70,000 and an original cost of $300,000 was sold at a gain of $60,000. 1. How much cash did Anders receive from the sale of the building? 2 How much denreciation evnense was recorded on huildingc during 2019?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Required information [The following information applies to the questions displayed below.] The plant assets section of the comparative balance sheets of Anders Company is reported below. ANDERS COMPANY Comparative Year-End Balance Sheets 2021 Plant assets Equipment Accumulated depreciation-Equipment Equipment, net Buildings Accumulated depreciation-Buildings Buildings, net 1. Cash received from the sale of building 2. Depreciation expense 3. Purchase of building $ 180,000 (100,000) $ 80,000 $ 130,000 $ 380,000 (100,000) $ 280,000 2020 $ 270,000 (210,000) $ 60,000 During 2021, a building with a book value of $70,000 and an original cost of $300,000 was sold at a gain of $60,000. 1. How much cash did Anders receive from the sale of the building? 2. How much depreciation expense was recorded on buildings during 2021? 3. What was the cost of buildings purchased by Anders during 2021? $ 400,000 (285,000) $ 115,000
The T-accounts for Equipment and the related Accumulated Depreciation—Equipment for Luo Company at the end of 2020 are shown here. Equipment Beg. bal. 80,600 Disposals 23,800 Acquisitions 40,000 End. bal. 96,800 Accumulated Depreciation—Equipment Disposals 8,700 Beg. bal. 47,800 Depr. exp. 13,300 End. bal. 52,400 In addition, Luo’s income statement reported a loss on the disposal of plant assets of $6,100. What amount was reported on the statement of cash flows as “cash flow from sale of equipment”? (Show amount that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Cash flow from sale of equipment $
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According to the footnotes, what was the initial total acquisition cost of the Property, Plant, and Equipment that Newell Brands owns as of December 31, 2020?