On its December 31, 2014, balance sheet, Calgary Industries reports equipment of $370,000 and accumulated depreciation of $74,000. During 2015, the company plans to purchase additional equipment costing $80,000 and expects depreciation expense of $30,000. Additionally, it plans to dispose of equipment that originally cost $42,000 and had accumulated depreciation of $5,600. The balances for equipment and accumulated depreciation, respectively, on the December 31, 2015 budgeted balance sheet are:Group of answer choices$328,000; $74,000.$450,000; $98,400.$450,000; $104,000.$408,000; $104,000.$408,000; $98,400.

$408,000; $98,400; $309,600

Explanation:

The solution of balances for equipment and accumulated depreciation is provided below:-

To reach at  balances for equipment and accumulated depreciation we need to deduct the accumulated depreciation from cost of equipment

Particulars          Cost of equipment     Accumulated   Net income

                                                               Depreciation

Equipment          $370,000                      $74,000        $296,000

                                                                             ($370,000 - $74,000)

Purchase of

equipment           $80,000                      $30,000        $50,000

                                                                               ($80,000 - $30,000)

Equipment

dispose off       $42,000                           $5,600           $36,400

                                                                               ($42,000 - $5,600)

Budgeted balance

of equipment    $408,000                    $98,400     $309,600

                                                                                   ($408,000 - $98,400)

therefore as per the question the option is not available so, the right answer is $408,000; $98,400; $309,600.

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number