Question
New Deli is in the process of closing its operations. It sold its three-year-old ovens to Sicily Pizza for $324,600. The ovens originally cost $433,000,
New Deli is in the process of closing its operations. It sold its three-year-old ovens to Sicily Pizza for $324,600. The ovens originally cost $433,000, had an estimated service life of 10 years, had an estimated residual value of $28,000, and were depreciated using straight-line depreciation. Complete the requirements below for New Deli.
4. Record the sale of the ovens at the end of the third year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
I need help with the answer in red that I got wrong. The answer is not Oven aswell because there isn't a option for Oven.
Answer is complete but not entirely correct
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