Conner Corporation has equipment with a carrying value of $160,000 on December 31, year 4, after recording depreciation expense for year 4. The following information was available on December 31, year 4:
Value of similar equipment for sale in market $140,000
Present value of estimated future cash flows discounted at 10% $130,000
Estimated undiscounted cash flows of equipment $135,000
At what amount should the equipment be presented on the December 31, year 4 balance sheet?