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Question 15 (of 25) value: 4.00 points P2-5 Market Values and Book Values [LO1] Klingon Widgets, Inc., purchased new cloaking machinery three years ago for

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Question 15 (of 25) value: 4.00 points P2-5 Market Values and Book Values [LO1] Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6.9 million. The machinery can be sold to the Romulans today for $4.1 million. Klingon's current balance sheet shows net fixed assets of $3.05 million, current liabilities of $2.1 million, and net working capital of $490,000. If all the current assets were liquidated today, the company would receive $1.45 million cash. Required: (a) What is the book value of Klingon's assets today? (Click to select) 6,690,000 (t 3,050,000 alue? 4,100,000 9,490,000 5,640,000 References eBook & Resources

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