(6). Assume that Lauter Tun Corporation does not engage in any kind of accounting fraud and irregularities. Lauter Tun Corporation uses straight-line depreciation. Lauter Tun Corporation acquired equipment on January 1, 2012, for $300,000. The equipment had an estimated useful life of 10 years and an estimated salvage value of $25,000. On January 1, 2015, Lauter Tun Corporation revised the total useful life of the equipment from the previous 10 years to 7 years and the estimated salvage value to be $15,550. Compute the net carrying amount of equipment that must be reported on the statement of financial position for the year ending December 31,2016