Business, 24.07.2020 01:01, dwighthibbert56

On its December 31, 2017, balance sheet, Calgary Industries reports equipment of $390,000 and accumulated depreciation of $78,000. During 2018, the company plans to purchase additional equipment costing $84,000 and expects depreciation expense of $32,000. Additionally, it plans to dispose of equipment that originally cost $44,000 and had accumulated depreciation of $6,000. The balances for equipment and accumulated depreciation, respectively, on the December 31, 2018 budgeted balance sheet are:

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On its December 31, 2017, balance sheet, Calgary Industries reports equipment of $390,000 and accumu...