Calculate the balance in the Accumulated Depreciation account at the end of the third year.

Required information [The following information applies to the questions displayed below] New Deli is in the process of closing its operations. It sold its three-year-old ovens to Sicily Pizza for $316,400. The ovens originally cost $422,000, had an estimated service life of 10 years, had an estimated residual value of $27,000, and were depreciated using straight -line depreciation. Complete the requirements below for New Delt. Required: 1. Calculate the balance in the Accumulated Depreciation account at the end of the third year