Presented below is information related to equipment owned by Sheffield Company at December 31, 2020. Cost $10,530,000 Accumulated depreciation to date 1,170,000 Expected future net cash flows 8,190,000 Fair value 5,616,000 Sherrield intends to dispose of equipment in the coming year it is expected that the cost of disposal will be $23400 as of December 31,2025 the equipment has a remaining useful life of 4 years