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QS 16-10 Computing investing cash flows LO P3

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Use the following information for the Quick Study below.


[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 Balance Sheets



2019


2018
Plant assets







Equipment
$180,000

$270,000
Accumulated depreciation—Equipment

(100,000)

(210,000)
Equipment, net
$80,000

$60,000
Buildings
$380,000

$400,000
Accumulated depreciation—Buildings

(100,000)

(285,000)
Buildings, net
$280,000

$115,000


QS 16-10 Computing investing cash flows LO P3

During 2019, 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?
2. How much depreciation expense was recorded on equipment during 2019?
3. What was the cost of new equipment purchased by Anders during 2019?
  


I understand the first question, but I can't figure out the answer to the last two.

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