Sandhill Technology purchased equipment on January 4, 2019, for $251,250. The equipment had an estimated useful life of 8 years and a residual value of $9,650. The company has a December 31 year end and uses straight-line depreciation. On December 31, 2021, the company tests for impairment and determines that the equipment's recoverable amount is $92,280.

(a)

Calculate the equipment's carrying amount at December 31, 2021 (after recording the annual depreciation).

Carrying amount Dec. 31, 2021

$enter the equipment's carrying amount at December 31 in dollars

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(b)

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