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 $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 roblem 7-8A Part 1 equired: Calculate the balance in the accumulated depreciation account at the end of the second year. accumulated depreciation