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Widgets, Inc., purchased new cloaking machinery four years ago for $12.7 million. The machinery can be sold to the Romulans today for $12 million. Klingons
Widgets, Inc., purchased new cloaking machinery four years ago for $12.7 million. The machinery can be sold to the Romulans today for $12 million. Klingons current balance sheet shows net fixed assets of $9.5 million, current liabilities of $881,124, and net working capital of $260,587. If all the current assets were liquidated today, the company would receive $1.1 million cash. What is the book value of Klingons total assets today
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