Klingon cruisers inc purchased new cloaking machinery five, Ask an Expert

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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. 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.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92639379

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