The management of Samir Inc. was discussing whether certain equipment should

be written off as a charge to current operations because of obsolescence. This

equipment has a cost of $900,000 with depreciation to date of $400,000 as of

December 31, 2022. The remaining useful life of the equipment is 4 years. On

December 31, 2022, management projected the present value of future net cash

flows from this equipment to be $300,000, and its fair value less cost of disposal

to be $380,000. The company intends to dispose of this equipment. What is the

amount of depreciation at December 31. 2023