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New Morning Bakery is in the process of closing its operations. It sold its twoyearold bakery ovens to Great Harvest Bakery for $ The ovens originally cost $ had an estimated service life of years, had an estimated residual value of $ and were depreciated using straightline depreciation. Complete the requirements below for New Morning Bakery.
Record the sale of the ovens at the end of the second year. If no entry is required for a transactionevent select No Journal Entry Required" in the first account field.
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