On its December 31, 2017, balance sheet, Calgary Industries reports equipment of $370,000 and accumulated...
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On its December 31, 2017, balance sheet, Calgary Industries reports equipment of $370,000 and accumulated depreciation of $74,000 During 2018, the company plans to purchase additional equipment costing $80,000 and expects depreciation expense of $30.,000. Additionally it plans to dispose of equipment that originally cost $42,000 and had accumulated depreciation of $5,600. The balances for equipment and accumulated depreciation respectively on the December 31, 2018 budgeted balance sheet are Multiple Choice 328.000, S74,000 450,000, $98.400 450 000 $104,000 408.000 s4 6 option
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