on its December 31, 2017, balance sheet, Calgary Industries reports equipment of $465,000 and accumulated...
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on its December 31, 2017, balance sheet, Calgary Industries reports equipment of $465,000 and accumulated depreciation of $93,000. During 2018, the company plans to purchase additional equipment costing $99,000 and expects depreciation expense of $39,500. Additionally, it plans to dispose of equipment that originally cost $51,500 and had accumulated depreciation of $7,500. The balances for equipment and accumulated depreciation, respectively, on the December 31, 2018 budgeted balance sheet are
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