X company It sold its two-year-old bakery ovens to Y company for $570.000. The ovens originally cost $767,000. had an estimated service life of 10 years. had an estimated residual value of S47,000. and were depreciate-dusing straight-line depreciation. Complete the requirements below for New Morning Bakery.
3. What is the gain or loss on the sale of the ovens
4. Record the sale of the ovens at the end of the second year