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