Machinery costing $23,500 with an estimated salvage value of $1,180 and an estimated life of 6 years was purchased on October 31, 20X1. Using the straight-line depreciation method, what is the amount of depreciation expense to be recorded at December 31, 20X1

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Answer 1

$620 is the amount of depreciation expense to be recorded at December 31, 20X1.

given data:

Purchase cost = $23,500

residual value = $1,180

estimated life = 6 years

the amount of depreciation expense is calculated as:

= (Purchase cost - residual value) ÷ (estimated life)

= ($23,500 - $1,180) ÷ ( 6 years)

= $22,320 - 6 years

= $3,720

Now the 2 months depreciation is i.e. from October to December

= $3,720 × 2 months ÷ 12 months

= $7,440 ÷ 12 months

= $620

A fixed asset's component that is regarded to have been used up in the current period gets depreciated. After that, the money is put on the expense list. By gradually lowering the carrying amount of fixed assets as their value depreciates over time, this charge aims to achieve its goal. Given that it results in a cost of conducting business, depreciation is seen as an expense for accounting reasons. Machines, for example, depreciate in value throughout the course of their useful life as they are utilised, undergoing wear and tear. The income statement treats depreciation as a cost.

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Related Questions

What are the 4 requirements for production of goods and services?

Answers

The concept in question is Production, that is, the process of combining various input elements, both tangible and intangible, to create an output product. The answer is land, labor, capital, and entrepreneurship.

Production is the process of producing goods and services to meet human needs. Manufacturing is the process of producing goods and services to meet human needs.

The four factors of production are land, capital, labor, and organization. Land includes all natural resources used to produce goods and services; everything that comes from the earth.

Labor is the effort people put into producing goods and services. Capital is a factor of production produced for use in the production of other goods and services.

Entrepreneurship is the undertaking of new business ventures that can eventually become profitable ventures. Factors of production are the inputs used to produce a good or service to generate income.

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Which of the following is the core component within a database that control data storage and access requests from client applications?
A) replication server
B) query handler
C) control module
D) database engine

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Database engine is the core component within a database that control data storage and access requests from client applications.

What is database engine?A database management system employs a database engine as its primary piece of software to generate, read, update, and remove data from databases.A database management system (DBMS) employs a database engine (also known as a storage engine) as the underlying software component to generate, read, update, and delete (CRUD) data from a database.The primary service for storing, processing, and protecting data is provided by the Database Engine component of SQL Server. For the most demanding data-consuming applications in your company, the Database Engine offers regulated access and quick transaction processing.The SQL Server Database Engine, which manages data storage, processing, and security, is the main part of Microsoft SQL Server. It consists of a storage engine that controls database files, tables, pages, indexes, data buffers, and transactions, as well as a relational engine that handles instructions and queries.

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_____ is behavior that conforms to generally accepted social norms. a. Ethical behavior b. Maladaptive behavior c. Passive behavior d. Deficit behavior.

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Option A is correct. Ethical behavior is behavior that conforms to generally accepted social norms

Ethical behavior is behavior that conforms to generally accepted social norms and values. It is behavior that is considered to be morally right and responsible, and is in line with societal expectations and standards. Ethical behavior is often associated with integrity, fairness, and responsibility. While maladaptive behavior is a pattern of behavior that is not appropriate or effective in dealing with life's demands, passive behavior is a tendency to avoid or withdraw from social interactions, and deficit behavior is a pattern of behavior that is significantly below the standards expected for the individual's age, cultural background, and stage of development.

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Can I ask why my rental application was denied?

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Yes, you can, however in the state, unless the transaction was for credit purposes, they are not required to tell you.

What is credit?

An deal between a borrower and their lender constitutes credit, generally speaking. The term "credit" can also refer to someone or something's creditworthiness or credit score. In addition to reducing costs or increasing revenue, a credit may also raise liabilities or decrease assets.

What is a credit score?

A credit score definition. A fico score is a statistical measurement based on credit history that assesses a consumer's creditworthiness. Credit scores are used by lenders to determine the likelihood that a borrower will pay back their debts.

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Can you work hard to obtain your goal even though you don't have any driving force anymore? ​

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Answer:

Well, most if they were answering honestly would say no, because the driving force is or is almost always the cause of wanting to achieve a goal. Pretty much the only way to fix that is to get a new driving force or bring back your old one somehow.

I hope that made sense and was a good answer.

What is the difference between secured and unsecured debt ?

Answers

Collateral is not necessary for unsecured obligations, but it is for secured debts.

Difference between secured and unsecured debts?

secured Debts:

When a loan is secured, the lender will normally require you to pledge an asset as collateral. The assets used as collateral may be in the form of real estate or money.

In general, secured debts are thought to provide a lesser risk to lenders than unsecured obligations. For instance, if a secured debt defaults, the lender may seize the collateral. These loans might therefore provide better financing terms and interest rates. Lenders may also be less stringent when it comes to eligibility requirements like credit scores.

Unsecured debts:

Unsecured debts lack any form of collateral backing them up. Since unsecured debts aren't guaranteed by anything, lenders might

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The relationship between stockholders and management can best be described as a(n) ______ relationship.

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There is a relationship between the management of a firm (the agent) and its stockholders (the principal).

Why do managers and investors have an agency relationship?

The reason is that the stockholder is liable for the executive's business decisions, which have an impact on the stockholder's investment. A bad relationship will start if the corporate executive behaves adversely and lowers the value of the stockholder's shares.

Are the stockholders and the management the same?

A corporation's "owners" are its stockholders, who gain from dividend payments and stock price growth. The everyday management of the company is done by managers, who act as the stockholders' agents.

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Which of the following lot-sizing techniques is likely to prove the most complex to use? O A. economic order quantity (EOQ) O B. periodic order quantity (POQ) O C. lot-for-lot O D. Wagner-Whitin

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The Wagner-Whitin lot-sizing method is perhaps the trickiest to apply.

A version of the economic order quantity model that considers how demand for the good changes over time is the dynamic lot-size model in inventory theory. Harvey M. Wagner and Thomson M. Whitin introduced the concept in 1958. When net requirements are known for multiple periods into the future, Wagner-Whitin created an algorithm to determine the best lot size for each period. The algorithm often reduces the cost of ordering by integrating the net requirements for one or more periods in the best way possible. A version of the economic order quantity model that considers how demand for the good changes over time is the dynamic lot-size model in inventory theory. Harvey M. Wagner and Thomson M. Whitin presented the model in 1958.

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Who participates in a mixed economy?

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In the mixed mixed economic system, the private sector, the public sector, and the joint sector coexist side by side. Both the government and private companies share responsibility for each division's tasks. 51% of the total capital is owned exclusively by the state.

Describe the private sector.

The private sector refers to the area of an economy that is run by people and companies as opposed to a government agency. The bulk of private sector companies are run with the intention of producing money.

The area of the economy that is under the control of the government is known as the public sector. Charities, non-governmental organisations (NGOs), and nonprofits make up a third of the economy.

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A person who demonstrates accountability is someone who will take a(n) ______ perspective of the groups affected by his or her business. Multiple choice question. mercantile ambivalent stakeholder paternalistic

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All social groups impacted by an individual's business are included in a stakeholder perspective that is based on a feeling of accountability. Nevertheless, building a monopoly or preventing staff members .

Why might businesspeople keep quiet while unethical behavior is taking place at their place of employment quizlet?

Why might businesspeople keep quiet when they observe unethical behavior occurring in their company. They believe the behaviors to be typical. They think they ought to keep helping the company.

Which of the following characteristics does Mcq not think makes for a successful entrepreneur?

An entrepreneurial frequently has significant product knowledge and a thorough understanding of the commercial environment. Customer feedback determines whether a service or a product is accepted, and the requirement for speedy response is not often a characteristic of an entrepreneurial.

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What is a conclusion based on evidence in the text?

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The term "infer" refers to drawing a logical inference from textual evidence.

The evidence that is currently available backs up this claim. According to epistemology, evidence is what validates beliefs or what makes it rational to hold a specific doxastic attitude. For example, the perception of a tree might be used as proof that there actually is such a thing as a tree. In this approach, evidence is frequently seen as a state of mind. Important questions in this field of study include the nature of these mental states, such as whether they must be propositional and if false mental states can still be used as evidence. Indications in phenomenology.It is frequently taken as proof that the claim being supported is accurate. It depends on the field as to what function evidence fulfills and how it is viewed.

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Economic sanctions are often precursors to which of the following?
War
O Trade sanctions
O Trade embargoes
) Further sanctions

Answers

Answer:

The answer should be O Trade sanctions

Assume the demand curve for product X shifts to the right. This might be caused by: a. an increase in income if X is an inferior good. b. a decrease in the price of Y if X and Y are complementary goods. c. a change in consumer tastes which is unfavourable to X. d. a decline in the price of Zif X and Z are substitute goods.

Answers

If the demand curve for product X shifts to the right, then option (c) is correct. If X is a lower-quality product, this might be brought on by a decline in income.

How does a demand curve work?

In economics, a demand curve is a graphic representation of the connection between a product's price and the quantity demanded. It is depicted with quantity demanded on the horizontal axis and price on the graph's vertical axis. Due to the inverse relationship between price and quantity demanded (i.e., the lower the price of a product, the higher the demand or number of sales), the demand curve is typically depicted as sloping downward from left to right with a few exceptions. Certain ceteris paribus (other things being equal) conditions must remain constant for this relationship to work. The number of consumers in the market, their tastes or preferences, the prices of substitute goods, their price expectations, and their personal income are examples of such conditions.

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If the cross-price elasticity of demand for two goods is -4.5, then
a. the two goods are substitutes.
b. one of the goods is normal and the other good is inferior.
c. the demand for one of the goods conforms to the law of demand, but the demand for the other good violates the law of demand.
d. the two goods are luxuries.

Answers

If the cross-price elasticity of demand for two goods is 1.25, then the two goods are luxuries. the two goods are substitutes.

one of the goods is everyday and the different proper is inferior. the demand for one of the goods conforms to the law of demand, but the demand for the different exact violates the regulation of demand.

What is the cross-price elasticity of demand for two goods?

Cross elasticity of demand refers to the way that adjustments in the price of one properly can have an effect on the volume demanded of some other good. This relationship can range depending on whether or not the two items are substitutes, complements, or unrelated to each other.

Is the go price elasticity between two items is negative then the two goods are in all likelihood to be?

complements

We determine whether or not items are enhances or substitutes based totally on go price elasticity - if the pass price elasticity is superb the items are substitutes, and if the pass charge elasticity are poor the goods are complements.

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Name 3 career paths trade schools offer.

Answers

School nurse
Lunch lady and
Teachers

The huge increase in global trade has helped U.S. and Canadian economies, but has hurt many American and Canadian workers. Why

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Canada is the top foreign provider of natural gas and crude oil to the United States, accounting for 25% of all oil imports. In summary, this energy partnership has improved American energy security and given Canada a consistent market for its energy exports.

As a result of trade's encouragement of specialization, innovation, and large-scale growth to serve international markets, enterprises become more productive, which raises worker pay and boosts Canada's economy. The eventual outcome is a rise in living standards.

By cutting import costs and maintaining low prices for imports' alternatives, trade liberalization benefits the poor in the same manner it benefits the majority of other people. This increases people's real incomes.

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If firms expect the future returns for an investment to be very low, all else equal, they will multiple choice 2 produce more. invest more. invest less. produce less.

Answers

Invest less. Firms will invest less if they expect the future returns for an investment to be very low, as it is not a good use of resources to invest money into something that is unlikely to yield a good return.

What is Invest?

Investing is the process of placing your money into assets such as stocks, bonds, mutual funds, and other securities with the expectation that they will appreciate in value over time. By investing, you are taking a risk with your money and hoping that you will gain a return on your investment. Investing can be a great way to grow your wealth and save for the future. You can also invest in yourself through education and training. When investing, it’s important to do your research and understand the risks and rewards of each type of investment. Additionally, it’s important to diversify your investments, as this can help you manage your risk and maximize your potential for profits.

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what is the most reasonable approach for the company to take the lesson the numbers of latecomers to work

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Implementing better procedures at the security gate is the most reasonable approach for the company to take the lesson for the numbers of latecomers to work

A company's policies and procedures are put in place to establish the standards of behaviour and spell out the obligations of both employers and employees. The administration of firm policies and processes aims to safeguard both the business interests of employers and the rights of employees. A policy is a set of guiding principles that serves as the foundation or direction for decisions made at all levels of an organisation, including the area where the choice is being made and every individual employee. A policy outlines the necessary actions. On the other hand, a procedure clearly outlines the steps to take in order to complete the necessary tasks. A good procedure document also explains why certain steps are taken.

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what are the legal ramifications regarding payment for tissue samples? consider the rand corporation estimation that 304 million tissue samples, from 178 million people, are held by labs

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In the book the Immortal Life of Henrietta Lacks Henrietta Lacks didn't give informed consent for the use of her tissue in research, and the tissue was collected in a medical setting that was even more prejudiced than it is now against the rights of patients who were less fortunate in terms of their economic and social circumstances.

American author Rebecca Skloot published a nonfiction book titled The Immortal Life of Henrietta Lacks in 2010. The National Academies Communication Award for greatest innovative work advancing public awareness of issues in science, engineering, or medicine was given to it in 2011. It relates the tale of an African-American woman who passed away from severe cervical cancer in 1951 at the age of just 31. It also relates the tale of her legacy, the immortal HeLa cell line that was isolated from Henrietta Lacks' tumour while she was still alive and grown in a lab. HeLa was mass-produced after her passing and sold to research facilities all over the world.

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The three elements of the marketing concept are __________.
a. Market share, customer needs, marketing mix
b. Customer needs, company goals, profits
c. Channel management, customer needs, profits
d. Planning, target market, social media marketing

Answers

Answer:

B. Customer needs, company goals, profits

Explanation:

What are the pros and cons of a mixed economy?

Answers

Pros of a Mixed Economy 1. Economic Freedom: A mixed economy allows for both private and public enterprise to operate in an economy, providing individuals with more economic freedom and choice.

2. Economic Efficiency: Government intervention in a mixed economy is typically limited, which allows for a more efficient allocation of resources and production.

3. Stability: A mixed economy provides stability, since both the private and public sector participate in the economic decision-making, avoiding extreme changes in the economic cycle.

4. Innovation: The private sector tends to drive innovation in a mixed economy, leading to higher productivity and economic growth.

Cons of a Mixed Economy

1. Less Predictability: It can be difficult to predict the direction of a mixed economy, since both the public and private sector are involved in making decisions.

2. Inequality: The private sector may produce more wealth, leading to increased inequality and social unrest.

3. Limited Government Control: Government intervention in a mixed economy is limited, which may lead to an inefficient allocation of resources.

4. Market Failure: The private sector may not always act in the best interest of the public, leading to market failure and economic instability.

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What is the term for the proportion of funds invested in each of several investment alternatives?
A) spreading
B) shorting
C) margin buying
D) asset allocation
E) diversification

Answers

Asset allocation is the term for the proportion of funds invested in each of several investment alternatives.

The process of allocating your investments among various assets, including stocks, bonds, and cash, is known as asset allocation. The choice of how to allocate your assets is a private one. Depending on the time you have to spend and how much risk you can bear, the allocation that is ideal for you changes over the course of your life.

As a general rule, the suggested allocation has historically been 40% bonds and 60% stocks. The poor rate of return on bonds today, however, has led some financial experts to propose a new benchmark of 75% equities and 25% bonds.

The process of allocating your investments among various assets, including stocks, bonds, and cash, is known as asset allocation. The choice of how to allocate your assets is a private one. Depending on how you are feeling at a given period in your life.

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When you steadily increase banana production and have to give up an ever increasing amount of coal production. This is an example of:

Answers

Answer:

increasing opportunity costs is the answer.

Explanation:

In a pleasant but unfamiliar setting, infants with an avoidant style insecure attachment are most likely to:
A. cling to their mothers and ignore the new surroundings.
B. use their mothers as a base from which to explore their new surroundings.
C. show hostility when their mothers approach them after a brief absence.
D. act as though their mothers are of little importance to them.

Answers

The correct option for this question is: D acts as though their mothers are of little importance to them.

Infants are conceived furnished with a scope of intrinsic ways of behaving to boost their endurance. Connection conduct permits the newborn child to draw others towards them at snapshots of need or pain (Fonagy et al., 1995). Infants who experience a solid connection relationship foster a sensibly firm assumption for feeling secured and safe, which thus permits them to certainly investigate their reality more.

Our nature for connection, which is shared by most well evolved creatures, is an essential transformation for endurance in outset. At the point when infants (or for sure grown-ups) are scared, focused, feel unwell or are under danger, their connection framework is cautioned. Infants in this state will start nearness looking for ways of behaving (like crying, sticking, or following with their look in infants; more verbal or refined ways of behaving in more established kids) towards their essential connection figure (typically a parent or the primary guardian). When closeness and consolation have been accomplished, the connection framework can be deactivated. Looking for help and the various methodologies and singular purposes to acquire assist with comprising the structure blocks of the connection interaction.

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A 7% convertible debenture is selling at 101. It is convertible into the common stock of the same corporation at $25. The common stock is currently trading at $23. If the stock were trading at parity with the debenture, the price of the stock would be A) $43.91. B) $25.25. C) $40.00. D) $25.00.

Answers

If the stock were trading at parity with the debenture, the price of the stock would be $25.25.

What exactly does the conversion price include?

The conversion price is the cost per share to convert a convertible asset into a common stock such as a stock, Debentures or preferred stock. Calculating the conversion rate of a convertible security determines the conversion price. The bond contract or securities prospectus determines the exchange ratio.

To get parity prices for commons:

$1,000 / $25

= 40 shares

To discover the number of shares the debenture is convertible into (conversion ratio).

Common stock's parity price:

1,010 / 40

= $25.25

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which factor is most likely to explain japan's success in reducing corruption in its business system

Answers

The correct answer is Since 1999, there has been a noticeable rise in foreign influence in Japan.

Managers place a higher priority on interpersonal interactions in relationship-oriented cultures. In order to conduct successful business interactions, these managers believe that it is crucial to develop mutual respect, trust, and understanding. You should be aware of three categories of corporate customs: cultural imperatives, cultural choices, and cultural exclusives. Cultural imperatives are norms that, in order to succeed, you must follow. Relationship building is an illustration of a cultural necessity. A sovereign state has the authority to decide on any issues that affect its territory.

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the complete question is : Which factor is most likely to explain Japan's success in reducing corruption in its business system?

Capacity in excess of expected demand that is intended to offset uncertainty is a
a. line balance. b. margin protect c. timing bubble. d. capacity cushion. e. positioning hedge.

Answers

A capacity cushion is available capacity that is greater than anticipated demand and is meant to account for unpredictability. Bottleneck operations are a sign of unbalanced systems.

What does at capacity mean?

Capacity refers to your ability to do an action or the volume that something can hold. If your bird cage is already full, you cannot cram another feathery companion within without risking the claustrophobia of the bird. Capacity is a noun that simply implies "ability" or "capability"; it comes from the Latin word capacitatem, which means "breadth, capacity." Examples of this include a room's capacity to contain a specific number of people, a law's ability to reduce crime rates, and your capacity to learn new languages. It's possible to hear about factories operating at "full capacity," which refers to operating at maximum efficiency.

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The number of products that a firm is willing to sell is also known as the number it is willing to _____.

Answers

The number of products that a firm is willing to sell is also known as the number it is willing to supply

The term "supply" refers to the overall quantity of a certain commodity that is made available to the market for consumption. Demand and supply have a strong relationship that influences market equilibrium, which determines the amount of items available on the market and their selling prices. The amount of goods or services that a company has available to its customers at any given time is referred to as supply. This refers to the goods a company has on its property and in warehouses that it can sell to clients in a physical, brick and mortar store.

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Discuss 2 different types of performance testing. Consider the following questions in your response:
Why should 1 be used over the other?

Answers

There are six major Performance Testing Types. Stress Examination, Spike checking, load testing, endurance evaluating, application, and scalability testing is especially useful are all types of testing.

Load testing is the most basic type of performance testing. You apply an ordinary or predicted workload to a device under test and watch what happens. Load tests can be used to ascertain overall behavior of the system, latency, and throughput. Load tests are commonly used to validate your quality requirements.

Stress testing is similar to load testing in that we apply a higher-than-expected workload to determine how the system will behave under severe stress and then when surpassing the allowable limit. You want to understand when your system fails and how it begins to fail in a dangerous traffic situation.

if an individual wants to tests application performance at peak times then he should go for stress Examination otherwise load testing.

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Priya only has $500 a month to spend on her campaign, but she needs to drive as many potential customers as possible to her website. Which type of automated bidding strategy would be best for Priya's campaign

Answers

The optimal bidding approach for Priya's campaign would be to maximize clicks.

ECPC is what kind of automated bidding?

ECPC is a type of Smart Bidding that utilizes a variety of auction-time signals and is an extra accessory with Manual CPC bidding. The optimal bidding approach for Priya's campaign would be to maximize clicks.

What are the two categories of bids?

In the procurement process, there really are two types of bids: open or competitive bids and closed "locked" or noncompetitive bids. Typically, competitive bidding occurs using the RFx procedure, which is described below. Some businesses, however, will also use unviable bidding. Selecting a vendor for a project's subcontracting or for acquiring the goods and services needed for the project involves using the bidding process.

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