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At the end of 2025 , Cullumber Company is conducting an impairment test and needs to develop a fair value estimate for machinery used in

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At the end of 2025 , Cullumber Company is conducting an impairment test and needs to develop a fair value estimate for machinery used in its manufacturing operations. Given the nature of Cullumber's production process, the equipment is for special use. (No secondhand market values are avaliable). The equipment will be obsolete in 2 years, and Cullumber's accountants have developed the following cash flow information for the equipment. Using expected cash flow and present value techniques, determine the fair value of the machinery at the end of 2025 , Use a 5% discount rate Assume atf cast nows occur st the end of the year, (Round foctor vafues to 5 dectmat ploces, es:25124 and finat answer to. Odecimal places, eg. 458,581) Fair value of the machinery at the end of 2025

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