The information that follows relates to equipment owned by Waterway Limited at December 31, 2023: Cost Accumulated depreciation to date $9,540,000 1,060,000 Expected future net cash flows (undiscounted) 7,420,000 Expected future net cash flows (discounted, value in use) 6,731,000 Fair value Costs to sell (costs of disposal) At December 31, 2023, Waterway discontinues use of the equipment and intends to dispose of it in the coming year by selling it to a competitor. It is expected that the costs of disposal will total $53,000. 6,572,000 53,000