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Required information Skip to question [ The following information applies to the questions displayed below. ] New Deli is in the process of closing its
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The following information applies to the questions displayed below.
New Deli is in the process of closing its operations. It sold its threeyearold ovens to Sicily Pizza for $ The ovens originally cost $ had an estimated service life of years, had an estimated residual value of $ and were depreciated using straightline depreciation. Complete the requirements below for New Deli.
Calculate the book value of the ovens at the end of the third year.
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