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Kimbo Widgets Inc. purchased new cloaking machinery three years ago for $3 million. The machinery...

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Finance

Kimbo Widgets Inc. purchased new cloaking machinery three years ago for $3 million. The machinery can be sold to the Rimalons today for $2.5 million. Kimbos current statement of financial position shows net fixed assets of $2.0 million, current liabilities of $0.71 million, and net working capital of $330,000. If all the current assets were liquidated today, the company would receive $1.09 million cash. (Do not round intermediate calculations. Enter the answers in dollars, not millions of dollars, i.e. 1,234,567.)

What is the book value of Kimbos total assets today?

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