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Compute the book value of the fixed assets

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Reference no: EM132682235

Problem - Book value of fixed assets

Apple Inc. designs, manufactures, and markets personal computers and related software. Apple also manufactures and distributes music players (iPod) and mobile phones (iPhone) along with related accessories and services including online distribution of third-party music, videos, and applications. The following information was taken from a recent annual report of Apple:

Property, Plant, and Equipment (in millions):

 

Current Year

Preceding Year

Land and buildings

$ 955

$ 810

Machinery, equipment, and internal-use software

1,932

1,491

Office furniture and equipment

115

122

Other fixed assets related to leases

1,665

1,324

Accumulated depreciation and amortization

1,713

1,292

Required -

a. Compute the book value of the fixed assets for the current year and the preceding year and explain the differences, if any.

b. Would you normally expect the book value of fixed assets to increase or decrease during the year?

Reference no: EM132682235

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