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3Klingon Cruisers, Inc., purchased new cloaking machinery seven years ago for $ 10 million. The machinery can be sold to the Romulans today for $8.5
3Klingon Cruisers, Inc., purchased new cloaking machinery seven years ago for $ 10 million. The machinery can be sold to the Romulans today for $8.5 million. Klingon's current balance sheet shows net fixed assets of $7.5 million, current liabilities of $2.5 million and net working capital of $850,000. If all the current assets were liquidated today, the company would receive $2.5 million cash. What is the book value of Klingon's assets today
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