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Christy Company operates in the entertainment industry. In June 2013, Christy purchased Matt?s Movies which produces and distributes various video products. The purchase resulted in

Christy Company operates in the entertainment industry. In June 2013, Christy purchased Matt?s Movies which produces and distributes various video products. The purchase resulted in $2.7 million in goodwill. Since then, Christy has undertaken a number of business acquisitions and diversifications as the company expands. Selected date from a recent annual report are as follows: (dollars in thousands)

Property, Plant & Equipment and Intangibles Balance Sheet Current Year Prior Year
Film cost (net of amortization) $1,272 $991
Artists' Contracts and other Entertainment Assets $761 $645
Property, Plant & Equipment (net) $2,733 $2,559
Excess of Cost over Fair Value of Assets Acquired $3,076 $3,355
Accumulated Depreciation on Property, Plant & Equipment $1,178 $1,023
Income Statement
Total Revenue $9,714 $10,644
Statement of Cash Flows
Income from Operations $880 $445
Adjustments
Depreciation $289 $265
Amortization $208 $190
Other Adjustments -$1,618 -$256
Net Cash Provided by Operations -$241 $644

What was the approximate age of the property, plant, and equipment at the end of the current year?

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