The information that follows relates to equipment owned by Coronado Limited at December 31, 2023: Cost Accumulated depreciation to date Expected future net cash flows (undiscounted) $5,400,000 600,000 4,200,000 Expected future net cash flows (discounted, value in use) 3,810,000 Fair value Costs to sell (costs of disposal) 3,720,000 30,000 Assume that Coronado will continue to use this asset in the future. As at December 31, 2023, the equipment has a remaining useful life of four years. Coronado uses the straight-line method of depreciation. Assume that Coronado is a public company that follows IFRS.