Computing Cash Received from the Sale of Property, Plant, and Equipment
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.
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Depreciation expense
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$10,000
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End of Year
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Beginning of Year
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Property, plant, and equipment
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$112,000
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$106,000
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Accumulated depreciation
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31,000
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44,000
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During the year, property, plant, and equipment with an original cost of $35,000 was sold for a gain of $4,500.