ACCOUNTING K Question 2 (of 4) value: 5.00 points The plant assets section of th

Question

ACCOUNTING K Question 2 (of 4) value: 5.00 points The plant assets section of the comparative balance sheets of Anders Company is re Anders Company Comparative Balance Sheets 2015 2014 Plant assets $ 255,000 345,000 Equipment Accum Depr -Equipment (130.000)(240.000) Equipment net Buildings Accum. Depr -Buildings S 125.000 S105.000 $ 455,000 475.000 (145.000) (330,000) Buildings net S 310 000 S 145.000 During 2015 equipment with a book value of $55 000 and an original cost of $265.000 Type here to search

Explanation / Answer

Purchase of equipment = Beginning balance+Sale of equipment cost-ending balance

= (345000-285000-255000)

Purchase of equipment = 195000

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