Check my we Required information Problem 7-8A Record the disposal of equipment (L07-6) 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 $540,000. The ovens originally cost $844.000 had an estimated service life of 10 years, had an estimated residual value of $54.000, and were depreciated using straight-line depreciation. Complete the requirements below for New Morning Bakery Problem 7-8A Part 1 Required: 1. Calculate the balance in the accumulated depreciation account at the end of the second year, Accumulated depreciation 18 Part 24 Required information Problem 7-8A Record the disposal of equipment (L07-6) 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 $640,000. The ovens originally cost 5844.000, had an estimated service life of 10 years, had an estimated residual value of $54.000 and were depreciated using straight-line depreciation Complete the requirements below for New Morning Bakery 1 Problem 7-8A Part 2 2. Calculate the book value of the ovens at the end of the second year Book value Check my 19 Part 3 of 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 $640,006. The ovens originally cost $844.000, had an estimated service life of 10 years, had an estimated residual value of $54000, and were depreciated using straight-line depreciation Complete the requirements below for New Morning Bakery 1 Problem 7-8A Part 3 3. What is the gain or loss on the sale of the ovens at the end of the second year? Check my work 20 Part 4 of 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 $640,000. The ovens originally cost $844000, had an estimated service life of 10 years, had an estimated residual value of $54,000, and were depreciated using straight-line depreciation. Complete the requirements below for New Morning Bakery 1 look Pent Problem 7-8A Part 4 4. Record the sale of the ovens at the end of the second year (if no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) 20 Required information View transactions Part 4 of 4 Journal entry worksheet > Record the sale of ovens Note: Enter before credits Transaction General Journal Debit Credit
