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6 1 points TB MC Qu. 07-167 (Algo) On its December... On its December 31 prior year balance sheet, Calgary Industries reports equipment of

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6 1 points TB MC Qu. 07-167 (Algo) On its December... On its December 31 prior year balance sheet, Calgary Industries reports equipment of $490,000 and accumulated depreciation of $86,000. During the current year, the company plans to purchase additional equipment costing $92,000 and expects depreciation expense of $42,000. Additionally, it plans to dispose of equipment that originally cost $54,000 and had accumulated depreciation of $6,800. The balances for equipment and accumulated depreciation, respectively, on its December 31 current year budgeted balance sheet are: eBook Ask Multiple Choice References $436,000; $86,000 $582,000; $121,200. $582,000, $128,000. 5000 $178000

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