Accounting

HW 7 instructions I help [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 $560,000. The ovens originally cost $756,000, had an estimated service life of 10 years, and an estimated residual value of $46,000. New Morning Bakery uses the straight-line depreciation method for all equipment. value Required Information 10.00 points Required 1. Calculate the balance in the accumulated depreciation account at the end of the second year References eBook &Resources Worksheet Difficulty: 3 Hard Learning Oji07-06 Account for the disposal of long-term assets. Check my work value: Requlred Information 10.00 points 2. Calculate the book value of the ovens at the end of the second year Book value References eBook & Resources Worksheet Difficulty: 3 Hard Learning Objective: 07-06 Account for the disposal of long-term assets