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Klingon Cruisers, Inc. purchased new cloaking machinery five years ago for $5 million. The machinery...

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Accounting

Klingon Cruisers, Inc. purchased new cloaking machinery five years ago for $5 million. The machinery can be sold to the Rimulans for $4.5 million. Kilgon's current balance sheet shows net fixed assets of $3.5 million, curreny liabilities of $750,000

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