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Description Machinery Equipment Initial Cost on Seller's Books $260,000 156,000 Depreciation to Date on Seller's Books $130,000 26,000 Book Value on Seller's Books $130,000

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Description Machinery Equipment Initial Cost on Seller's Books $260,000 156,000 Depreciation to Date on Seller's Books $130,000 26,000 Book Value on Seller's Books $130,000 130,000 Appraised Value $234,000 78,000

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