On Its December 31,2017,balance Sheet,Calgary Industries Reports Equipment of $370,000

Multiple Choice

On its December 31,2017,balance sheet,Calgary Industries reports equipment of $370,000 and accumulated depreciation of $74,000.During 2018,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 31,2018 budgeted balance sheet are:

A) $328,000; $74,000.
B) $450,000; $98,400.
C) $450,000; $104,000.
D) $408,000; $104,000.
E) $408,000; $98,400.