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Required information

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New Morning Bakery is in the process of closing its operations. It sold its two$-$year$-$old bakery ovens to Great Harvest

Bakery for $$530,000.$ The ovens orlginally cost $$723,000,$ had an estimated service life of $10$ years, had an estimated

residual value of $$43,000,$ and were depreclated using straight$-$IIne depreclation. Complete the requlrements below for

New Morning Bakery.

Required:

Calculate the balance in the accumulated depreclation account at the end of the second year.

Accumulated depreciation