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Business, 03.08.2021 15:20 natalieagustinlop54

On its December 31, 2017, balance sheet, Calgary Industries reports equipment of $460,000 and accumulated depreciation of $92,000. During 2018, the company plans to purchase additional equipment costing $98,000 and expects depreciation expense of $39,000. Additionally, it plans to dispose of equipment that originally cost $51,000 and had accumulated depreciation of $7,400. 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 $460,000 and accumu...

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