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Business, 24.03.2020 16:45 baileyedavis

New Deli is in the process of closing its operations. It sold its three-year-old ovens to Sicily Pizza for $341,000. The ovens originally cost $455,000, had an estimated service life of 10 years, had an estimated residual value of $30,000, and were depreciated using straight-line depreciation. Complete the requirements below for New Deli. Calculate the balance in the accumulated depreciation account at the end of the third year.

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New Deli is in the process of closing its operations. It sold its three-year-old ovens to Sicily Piz...
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