Required information

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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 $$300,000.$ The ovens originally cost $$400,000,$ had an estimated service life of $10$ years, had an estimated residual value of $$25,000,$ and were depreciated using straight$-$line depreciation. Complete the requirements below for New Deli.

Required:

Calculate the balance in the Accumulated Depreciation account at the end of the third year.

Accumulated depreciation