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Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Edition 26ISBN: 978-1337498159Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Edition 26ISBN: 978-1337498159 Exercise 16
Book value of fixed assets
In a recent balance sheet, Microsoft Corporation reported Property, Plant, and Equipment of $19,231 million and Accumulated Depreciation of $10,962 million.
a. What was the book value of the fixed assets
b. Would the book value of Microsoft Corporation's fixed assets normally approximate their fair market values
In a recent balance sheet, Microsoft Corporation reported Property, Plant, and Equipment of $19,231 million and Accumulated Depreciation of $10,962 million.
a. What was the book value of the fixed assets
b. Would the book value of Microsoft Corporation's fixed assets normally approximate their fair market values
Explanation
Verified
Verified
(a)Book Value of fixed assets:
Book val...
Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
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