=+Revenue is $1,000 per year and the internal rate of return is 10% and all cash flows

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=+Revenue is $1,000 per year and the internal rate of return is 10%

and all cash flows are received (and distributed) on December 31.

Required:

Income statements for the years 2001, 2002, and 2003 under:

Historical costing General price-level adjustment Exit valuation Replacement cost Discounted cash flows

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