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Book Value Fair Value Land $ 60,900 $ 320,900 Buildings and equipment (10-year remaining life) 330,000 298,000 Copyright (20-year remaining life) 157,000 261,000 Notes payable

Book Value Fair Value Land $ 60,900 $ 320,900 Buildings and equipment (10-year remaining life) 330,000 298,000 Copyright (20-year remaining life) 157,000 261,000 Notes payable (due in 8 years) (167,000 ) (156,600 )

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