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Problem 7-8B Record the disposal of equipment (LO6) The following information applies to the questions displayed below.J New Deli is in the process of closing

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Problem 7-8B Record the disposal of equipment (LO6) The following information applies to the questions displayed below.J New Deli is in the process of closing its operations. It sold its three-year-old ovens to Sicily Pizza for $336,900. The ovens originally cost $449,500 and had an estimated service life of 10 years and an estimated residual value of $29,500. New Deli uses straight-line depreciation for all equipment

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