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The information that follows relates to equipment owned by Sweet Acacia Limited at December 31,2023...

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Accounting

The information that follows relates to equipment owned by Sweet Acacia Limited at December 31,2023 :
Cost
Accumulated depreciation to date
Expected future net cash flows (undiscounted)
Expected future net cash flows (discounted, value in use)
Fair value
Costs to sell (costs of disposal)
$9,900,000
1,100,000
7,700,000
6,985,000
6,820,000
55,000
Assume that Sweet Acacia will continue to use this asset in the future. As at December 31,2023, the equipment has a remaining useful
life of four years. Sweet Acacia uses the straight-line method of depreciation.
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