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Required information [The following information applies to the questions displayed below.) New Deli is in the process of closing its operations. It sold its three-year-old
Required information [The following information applies to the questions displayed below.) New Deli is in the process of closing its operations. It sold its three-year-old ovens to Sicily Pizza for $328,700. The ovens originally cost $438,500, had an estimated service life of 10 years, had an estimated residual value of $28,500, 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
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