Computing Cash Received from the Sale of Property, Plant, and Equipment
Refer to Practice 5 17. Compute the amount of cash received from the sale of the property, plant, and equipment.
Practice 5 17
Computing Cash Paid to Purchase Property, Plant, and Equipment
Using the following information, compute cash paid to purchase property, plant, and equipment.
|
Depreciation expense |
$10,000 |
|
|
|
End of Year |
Beginning of Year |
|
Property, plant, and equipment |
$112,000 |
$106,000 |
|
Accumulated depreciation |
31,000 |
44,000 |
During the year, property, plant, and equipment with an original cost of $35,000 was sold for a gain of $4,500.