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Presented below is information related to equipment owned by Sheffield Company at December 31, 2025. Cost $10,530,000 Accumulated depreciation to date 1,170,000 Expected future net

Presented below is information related to equipment owned by Sheffield Company at December 31, 2025. Cost $10,530,000 Accumulated depreciation to date 1,170,000 Expected future net cash flows 8,190,000 Fair value 5,616,000 Sheffield intends to dispose of the equipment in the coming year.

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