$*****$

$1.$ New Morning Bakery sold its two$-$year$-$old bakery ovens to Great Harvest Bakery for $$580,000.$ The ovens originally cost $$850,000,$ had an estimated service life of $8$ years, had an estimated residual value of $$50,000,$ and were depreciated using straight$-$line depreciation. Calculate the balance in the accumulated depreciation account at the end of the second year.

$2.$New Morning Bakery sold its two$-$year$-$old bakery ovens to Great Harvest Bakery for $$480,000.$ The ovens originally cost $$600,000,$ had an estimated service life of $12$ years, had an estimated residual value of $$70,000,$ and were depreciated using straight$-$line depreciation. Calculate the balance in the accumulated depreciation account at the end of the second year.