NON-CONFIDENTIAL
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NON-CONFIDENTIAL 1 Response IR-4: (cont'd) 2 3 c) The "Resale values after k years since acquisition time" have not been updated. Updated 4 values have not yet been obtained from Altec. Any increase or decrease to these values 5 will have...
AI summary The document discusses updates to resale values of vehicles and a change in Altec's business process, which now involves auctioning units instead of direct sales, leading to lower sale prices. These changes are noted to have minimal impact on the decision to retire older vehicles.