New Deli is in the process of closing its operations It sold its three year old ovens to Sicily Pizza for $259,000 The ovens originally cost $345 000, had an estimated service life of 10 years, had an estimated residual value of $20,000, and were depreciated using straight line depreciation Complete the requirements below for New Deli 2 Calculate the book value of the ovens at the end of the third year Book value New Deli is in the process of closing its operations It sold its three year old ovens to Sicily Pizza for $259,000 The ovens originally cost $345,000, had an estimated service life of 10 years, had an estimated residual value of $20,000, and were depreciated using straight line depreciation Complete the requirements below for New Deli 3 What is the gain or loss on the sale of the ovens at the end of the third year here to search BI L X New Doll is in the process of closing its operations It sold its three year old ovens to Sicily Pizza for $259,000 The ovens originally cost $345,000 had an estimated service life of 10 years had an estimated residual value of $20 000, and were depreciated using straight line depreciation Complete the requirements below for New Deli 4 Record the sale of the ovens at the end of the third 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

Question

New Deli is in the process of closing its operations  It sold its three year old ovens to Sicily Pizza for $259,000  The ovens originally cost $345 000, had an estimated service life of 10 years, had an estimated residual value of $20,000, and were depreciated using straight line depreciation  Complete the requirements below for New Deli  2  Calculate the book value of the ovens at the end of the third year Book value New Deli is in the process of closing its operations  It sold its three year old ovens to Sicily Pizza for $259,000  The ovens originally cost $345,000, had an estimated service life of 10 years, had an estimated residual value of $20,000, and were depreciated using straight line depreciation  Complete the requirements below for New Deli  3  What is the gain or loss on the sale of the ovens at the end of the third year  here to search BI L X New Doll is in the process of closing its operations  It sold its three year old ovens to Sicily Pizza for $259,000 The ovens originally cost $345,000 had an estimated service life of 10 years had an estimated residual value of $20 000, and were depreciated using straight line depreciation Complete the requirements below for New Deli  4  Record the sale of the ovens at the end of the third 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

Accepted Answer

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New Deli is in the process of closing its operations. It sold its three-year-old ovens to Sicily Pizza for $259,000. The ovens originally cost $345.000,

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