[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 tor s The ovens originally cost $690,000, had an estimated service life of 10 year 500,000 s, and an estimated residual value of $40,000 New Morning Bakery uses the straight-ine depreclation method for all equipment value 1.53 points Required 1. Calculate the balance in the accumulated depreciation account at the end of the second year References eBook & Resources