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  3. the management of samir inc. was discussing whethe

The management of Samir Inc. was discussing whether certain equipment should be written off as...

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Accounting

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

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