?

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?