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New Morning Bakery is in the process of closing its operations. It sold its twoyearold bakery ovens to Great Harvest Bakery 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 Morning Bakery.
Calculate the book value of the ovens at the end of the second year.
Book value
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