Return to questio 13 art 2 of 4 Required information Problem 7-8A Record the disposal of equipment (L07-6) [The following information applies to the questions displayed below.) 33 Dints New Morning Bakery is in the process of closing its operations. It sold its two-year-old bakery ovens to Great Harvest Bakery for $700,000. The ovens originally cost $910,000, had an estimated service life of 10 years, had an estimated residual value of $60,000, and were depreciated using straight-line depreciation. Complete the requirements below for New Morning Bakery Problem 7-8A Part 2 2. Calculate the book value of the ovens at the end of the second year. Answer is complete but not entirely correct. Book value $ 572,000