On January 1, 2004. Laura Anne's Bakery purchased a new oven for $6,800. The oven was expected
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On January 1, 2004. Laura Anne's Bakery purchased a new oven for $6,800. The oven was expected to be used for four years and then to be sold for $2,000 on January 1 . 2008. Prepare a schedule showing the amounts that would be reported on the balance sheets prepared at the end of 2004. 2005. 2006. and 2007 for the oven (at cost), accumulated depreciation, and net book value.
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