Problem $7-8$B $($Algo$)$ Record the disposal of equipment $($LO$7-6)$

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New Deli is in the process of closing its operations. It sold its three$-$year$-$old ovens to Sicily Pizza for $$267,200.$ The ovens originally cost $$356,000,$ had an estimated service life of $10$ years, had an estimated residual value of $$21,000,$ and were depreciated using straight$-$line depreciation. Complete the requirements below for New Deli.

Problem $7-8$B $($Algo$)$ Part $4$

$4.$ Record the sale of the ovens at the end of the third year