On October 13, 2024, Sheridan Corporation purchased two satellites at a liquidation auction for a combined total cost of $210,700,000. The satellites were listed in the auction catalogue at $98,200,000 for Sat. A and $245,500,000 for Sat. B. Immediately after the auction, Sheridan had the satellites professionally appraised so it could increase its insurance coverage. The appraisal put a fair value of $104,490,000 on Sat. A and $218,010,000 on Sat. B. On October 20, Sheridan paid a total of $108,000 to relocate Sat. A to a new orbital location. Sheridan paid $53,300,000 to complete the construction of Sat. B and an additional $51,100,000 to launch Sat. B into orbit. On October 31, 2024 both satellites were ready for operation. The company expects Sat. A to last five years and to have a residual value of $15,900,000 when it is removed from service, and it expects Sat. B to be useful for 15 years and have a residual value of $20,800,000 at that time. Due to the different characteristics of the two satellites, d