Keller Co. paid $50,000, in cash, for a piece of equipment four years ago. At the beginning of the year, the company spent $5,000 to update the equipment with the latest technology. The company no longer uses this equipment in their current operations and has received an offer of $75,000 from a firm who would like to purchase it. Keller Co. is debating whether to sell the equipment or to expand their operations such that the equipment can be used. When evaluating the expansion option, what value, if any, should Keller Co. assign to this equipment as an initial cost of the project?