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review the Estimated Balance Sheet portion of this installment. Assume that since several years have passed since you first created this report, your Total Assets

review the Estimated Balance Sheet portion of this installment. Assume that since several years have passed since you first created this report, your Total Assets are now five times higher than they were at that time. After multiplying Total Assets by 5, compare this amount with the latest Applicable Exclusion Amount Estates in Chapter 15. Based on this increased value, would your estate owe any estate tax if you became deceased now? Explain why or why not.

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