! 4 Required Information Problem 7-8A Record the disposal of equipment (LO7-6) The following information applies to the questions displayed below) New Morning Bakery is in the process of closing its operations. It sold its two-year-old bakery ovens to Great Harvest Bakery for $670,000. The ovens originally cost $877,000, had an estimated service life of 10 years, had an estimated residual value of $57,000, and were depreciated using straight-line depreciation Complete the requirements below for New Morning Bakery Problem 7-8A Part 2 2 Calculate the book value of the ovens at the end of the second year Book value