Presented below is information related to equipment owned by Oriole Company at December 31, 2025. Cost $10,800,000 Accumulated depreciation to date 1,200,000 Expected future net cash flows 8,400,000 Fair value 5,760,000 Oriole intends to dispose of the equipment in the coming year. It is expected that the cost of disposal will be $24,000. As of December 31, 2025, the equipment has a remaining useful life of 5 years