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HW7 i Help Save & Exit Submit 13 Part 2 of 4 ...

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Accounting

HW7 i
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Save & Exit
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13
Part 2 of 4
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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 $279,500. The ovens originally cost $372,500, had an estimated service life of 10 years, had an estimated residual value of $22,500, 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.
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