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This is the first step in arriving at the final replacement value per share. a. Adjusting the items to their replacement value b. Computation of

This is the first step in arriving at the final replacement value per share. a. Adjusting the items to their replacement value b. Computation of the net book value c. Use the replacement value per share formula d. Including the unadjusted components or those which do not need to be adjusted to their replacement value

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