Problem 7-8B (Algo) Record the disposal of equipment (LO7-6) [The following information applies...
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Accounting
Problem B Algo Record the disposal of equipment LO
The following information applies to the questions displayed below.
New Deli is in the process of closing its operations. It sold its threeyearold ovens to Sicily Pizza for $ The ovens originally cost $ had an estimated service life of years, had an estimated residual value of $ and were depreciated using straightline depreciation. Complete the requirements below for New Deli.
Problem B Algo Part
Required:
Calculate the balance in the Accumulated Depreciation account at the end of the third year.
Accumulated depreciation
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