On July 1, 2020, Blette Corp. purchased computer equipment at a cost of $420,000. This equipment was estimated to have a 6-year life with no residual value and was depreciated by the straight-line method. On January 3, 2023, Blette determined that this equipment could no longer process data efficiently, that its value had been permanently impaired, and that $90,000 could be recovered over the remaining useful life of the equipment. What carrying amount should Blette report on its December 31 , 2023 , balance sheet for this equipment? $64,286 $175,000 $90,000 $0 
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