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East Mill Pizzeria is closing its business. It sold its two-year-old pizza ovens to Marco's Italian Restaurant for $670,000. Originally, East Mill acquired the
East Mill Pizzeria is closing its business. It sold its two-year-old pizza ovens to Marco's Italian Restaurant for $670,000. Originally, East Mill acquired the pizza ovens at a cost of $877,000. The ovens had an estimated useful life of 10 years, an estimated residual value of $57,000, and were depreciated using straight-line depreciation. Complete the requirements below for East Mill Pizzeria. 2. Calculate the book value of the ovens at the end of the second year. Book walue
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
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