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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 $$312,300.$ The ovens

originally cost $$416,500,$ had an estimated service life of $10$ years, had an estimated residual value of $$26,500,$ and were

depreciated using straight$-$line depreciation. Complete the requirements below for New Deli.

Required:

Calculate the balance in the Accumulated Depreciation account at the end of the third year.Required information

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$[$The following information applies to the questions displayed below.$]$

New Deli is in the process of closing its operations. It sold its three$-$year$-$old ovens to Sicily Pizza for $$312,300.$ The ovens originally cost $$416,500,$ had an estimated service life of $10$ years, had an estimated residual value of $$26,500,$ and were depreciated using straight$-$line depreciation. Complete the requirements below for New Deli.

Required:

$1.$ Calculate the balance in the Accumulated Depreciation account at the end of the third year.