Quality Producers acquired factory equipment on 1 January 20X5, costing $156,000. Component parts are not significant and need not be recognized and depreciated separately. In view of pending technological developments, it is estimated that the machine will have a resale value upon disposal in four years of $32,000 and that disposal costs will be $2,000. The company has a fiscal year-end that ends on 31 December. Data relating to the equipment follow:

Estimated service life: