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1 and 4 please! Thank you :) Required Information [The following information applies to the questions displayed below.) East Mill Pizzeria is closing its business.
1 and 4 please! Thank you :)
Required Information [The following information applies to the questions displayed below.) East Mill Pizzeria is closing its business. It sold Its two-year-old pizza ovens to Marco's Italian Restaurant for $630,000. Originally, East Mill acquired the pizza ovens at a cost of $833,000. The ovens had an estimated useful life of 10 years, an estimated residual value of $53,000, and were depreciated using straight-line depreciation. Complete the requirements below for East Mill Pizzeria Required: 1. Calculate the balance in the accumulated depreciation account at the end of the second year Accumulated depreciation Required Information [The following information applies to the questions displayed below) East Mill Pizzeria is closing its business. It sold its two-year-old pizza ovens to Marco's Italian Restaurant for $630,000. Originally, East Mill acquired the pizza ovens at a cost of $833,000. The ovens had an estimated useful life of 10 years, an estimated residual value of $53,000, and were depreciated using straight-line depreciation. Complete the requirements below for East Mill Pizzeria 4. Record the sale of the ovens at the end of the second year. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet Step by Step Solution
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