ABC Corporation purchased machine A at the beginning of year1 at a cost of $100,000. The 7 machine is used in the production of product B the machine is expected to have a useful life of 10 years and no residual value. The straight line method of depreciation is used. Adverse economic conditions develop in year 2 that results in a significant decline in demand for product B. At December 31. Year 2, the company develops the following estimates related to machine A: Expected future cash flows $75,000 / present value of expected future cash flow $55,000 / Selling .price $70,000/ costs of disposal $7,000 At the end of the year 5, ABC's management determines that there has been substantial improvement in economic conditions resulting in a strengthening of demand for product B the following estimates related to machine A developed at December 31, year 5: Expected future cash flows $70,000/present value of expected future cash flow $63,000 / selling price $50,000/ costs of disposal $7,000. Under U.S. GAAP, determine the carrying amounts for machine A to be reported on the financial position at the end of Year 2 ) (4 ) 50.000 63.000 75,000 70.000 54,000