The management ofNashInc. was discussing whether certain equipment should be written off as a charge to current operations because of obsolescence. This equipment has a cost of $918,000with depreciation to date of $408,000as of December 31, 2020. On December 31, 2020, management projected its future net cash flows from this equipment to be $306,000and its fair value to be $234,600. The company intends to use this equipment in the future.