Mathematics, 07.04.2020 04:59 JAXKBOII213
On its December 31, 2017, balance sheet, Calgary Industries reports equipment of $430,000 and accumulated depreciation of $86,000. During 2018, the company plans to purchase additional equipment costing $92,000 and expects depreciation expense of $36,000. Additionally, it plans to dispose of equipment that originally cost $48,000 and had accumulated depreciation of $6,800. 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 $430,000 and accumu...
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