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Business, 12.12.2019 22:31 kcruz0609

The plant assets section of the comparative balance sheets of anders company is reported below.
anders company
comparative balance sheets
2017 2016
plant assets
equipment $ 180,000 $ 270,000
accum. depr.—equipment (100,000 ) (210,000 )
equipment, net $ 80,000 $ 60,000
buildings $ 380,000 $ 400,000
accum. depr.—buildings (100,000 ) (285,000 )
buildings, net $ 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?

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The plant assets section of the comparative balance sheets of anders company is reported below.
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