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AP-6A LOS Jolly Jalapenos Inc. has decided to purchase new capital equipment costing $500,000 cash in the next fiscal year. also intends to sell its

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AP-6A LOS Jolly Jalapenos Inc. has decided to purchase new capital equipment costing $500,000 cash in the next fiscal year. also intends to sell its old equipment for $35,000 cash. Prepare the capital budget for Jolly Jalapenos Inc for its upcoming year end (December 31, 2020)

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