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  "documentTitle": "FTAI Aviation, Ltd. (FTAI)",
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      "text": "The difference is a ~$1.1m per engine increase in the carrying value of Inventory that will be transferred from Leasing Equipment to Inventory, and eventually the same increase in COGS to hit the income statement.",
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      "text": "carrying value: $1.1m",
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      "text": "Note this is an illustrative example. The difference is a ~$1.1m per engine increase in the carrying value of Inventory that will be transferred from Leasing Equipment to Inventory, and eventually the same increase in COGS to hit the income statement. In the YTD 2024 period, FTAI transferred 50 narrowbody engines from Leasing to Inventory.",
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      "text": "Small Differences in Residual Value and Useful Life Can Have Large Effects on Transfer-In Values to Inventory",
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