Required information [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 $690,000. The ovens originally cost $899,000, had an estimated service life of 10 years, had an estimated residual value of $59,000, and were depreciated using straight-line depreciation. Complete the requirements below for New Morning Bakery 2. Calculate the book value of the ovens at the end of the second year. Book value