Presented below is information related to equipment owned by Sheridan Company at December 31, 2020. Cost Accumulated depreciation to date Expected future net cash flows Fair value $9.630,000 1,070,000 7,490,000 5.136,000 Sheridan intends to dispose of the equipment in the coming year. It is expected that the cost of disposal will be $21,400. As of December 31, 2020, the equipment has a remaining useful life of 4 years. d assignment Question 4 of 4