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On its December 31, 2017, balance sheet, Calgary Industries reports equipment of $450,000 and accumulated depreciation of $90,000. During 2018, the company plans to purchase

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On its December 31, 2017, balance sheet, Calgary Industries reports equipment of $450,000 and accumulated depreciation of $90,000. During 2018, the company plans to purchase additional equipment costing $96,000 and expects depreciation expense of $38,000. Additionalily, it plans to dispose of equipment that originaly cost $50,000 and had accumulated depreciation of $7.200. The balances for equipment and accumulated depreciation, respectively, on the December 3 31, 2018 budgeted balance sheet are Multiple Choice $400.000 $90.000 $546,000; $120,800. $546.000, $128,000

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