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141 5.5.4 Non‐Operating Assets and Liabilities ‐ Subject Interest The standard of value used for the non‐operating assets will be fair market value as previously discussed in this report. Non‐operating assets can be defined as assets that are not necessary to ongoing operations
of the business enterprise, nor are they responsible for or related to generating income for the primary business operation. As highlighted in Section 4.7.1 Financial
Statement Normalization, the Company has included in its financial statements non‐operating assets in the form of short‐
term
investments, land, and Wells Fargo Certificates of Deposit. Therefore, the appraiser believes all of the non‐operating assets are currently being carried on the As Reported June 30, 2006 Balance Sheet at their respective fair market value.
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