(Answered) The widget co purchased new machinery three years ago for 4

Accounting

The widget co purchased new machinery three years ago for $4 million. The machinery can be sold to the Roman Co. today for $2 million. The Widget Co.'s current balance sheet shows net fixed assets of $2.5 million, current liabilities of $1,375,000, and net working capital of $725,000. If all the current assets were liquidated today, the company would receive $1.9 million in cash. The book value of the Widget Co's assets today is ________ and the market value of those assets is ________.

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