>> Cost Accounting
Klingon Widgets, Inc., purchased new cloaking machinerythree years ago for $6 million. The machinery can be sold tothe Romulans today for $5.6 million. Klingon's currentbalance sheet shows net fixed assets of $4.8 million, currentliabilities of $780,000, and net working capital of $100,000. If all the current assets were liquidated today, the company wouldreceive $805,000 million cash. What is the book value ofKlingon's assets today? What is the market value?