Using the following information, compute cash paid to purchase property, plant, and equipment. Depreciation expense ................................ .....................................$13,000 End of Year Begnning of Year Property,plant and Equipment.... .............. $ 134,000 $ 124,000 Accumulated depreciation ................................ 32,000 41,000 During the year, property, plant, and equipment with an original cost of $28,000 was sold for a gain of $6,500. Compute the amount of cash received from the sale of the property, plant, and equipment
Using the following information, compute cash paid to purchase property, plant, and equipment.
End of Year Begnning of Year
Property,plant and Equipment.... .............. $ 134,000 $ 124,000
During the year, property, plant, and equipment with an original cost of $28,000 was sold for a gain of $6,500.
Compute the amount of cash received from the sale of the property, plant, and equipment.
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