Business, 01.04.2021 21:10 devbar3416

On its December 31, 2017, balance sheet, Calgary Industries reports equipment of $405,000 and accumulated depreciation of $81,000. During 2018, the company plans to purchase additional equipment costing $87,000 and expects depreciation expense of $33,500. Additionally, it plans to dispose of equipment that originally cost $45,500 and had accumulated depreciation of $6,300. 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 $405,000 and accumu...