iew Policies Current Attempt in Progress Ayayal Company uses special strapping equipmentinits packaging business. The equipment was purchased in January 2019 for $ 4,800,000 and had an estimated useful life of 8 years with no salvage value. At December 31, 2020, new technology was introduced that would accelerate the obsolescence of Ayayal's equipment. Ayayai's controlier estimates that expected future net cash flows on the equipment will be $3,000,000 and that the fair value of the equipment is $ 2,640,000. Ayayal intends to continue using the equipment, but it is estimated that the remaining useful life is 4 years. Ayayai uses straight-line depreciation. (a) What is the carrying value of the equipment at December 31, 2020? Carrying value