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Ramshare Company acquired equipment at the beginning of 2015 at a cost of $135,000. The equipment has a five-year life with no expected salvage value

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Ramshare Company acquired equipment at the beginning of 2015 at a cost of $135,000. The equipment has a five-year life with no expected salvage value and is depreciated on a straight-ine basis. At December 31, 2015,R related to this equipment: amshare compled the following information $116,000 Expected future cash flows from use of the equipment Present value of expected future cash flows from use of the equipment Fair value (net selling price), less costs to dispose 100,000 96,600

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