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Klingon Cruisers Inc purchased new cloaking machinery five years ago for $15 million The machinery can be sold to the Romulans today for $14 million Klingons current balance sheet shows net

Klingon Cruisers, Inc., purchased new cloaking machinery five years ago for $15 million. The machinery can be sold to the Romulans today for $14 million. Klingon's current balance sheet shows net fixed assets of $10 million, current liabilities of $870,000, and net working capital of $250,000. If all the current accounts were liquidated today, the company would receive $1.17 million cash.

What is the book value of Klingon's assets today? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

 

Apr 22 2020 View more View Less

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