$****$

New Morning Bakery sold its two$-$year$-$old bakery ovens to Great Harvest Bakery for $$590,000.$ The ovens originally cost $$770,000,$ had an estimated service life of $14$ years, had an estimated residual value of $$35,000,$ and were depreciated using straight$-$line depreciation. Calculate the balance in the accumulated depreciation account at the end of the second year.

New Morning Bakery sold its two$-$year$-$old bakery ovens to Great Harvest Bakery for $$560,000.$ The ovens originally cost $$740,000,$ had an estimated service life of $16$ years, had an estimated residual value of $$25,000,$ and were depreciated using straight$-$line depreciation. Calculate the balance in the accumulated depreciation account at the end of the second year.