Apple lists its plant assets as Property, plant and equipment, net. What does net mean in this

Question:

Apple lists its plant assets as “Property, plant and equipment, net.” What does “net” mean in this title?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

See More Books

Question Posted: Dec 27, 2012 12:47 AM

See More Questions

What does cemented mean in the manufacture of carbides?
What does discretization mean in the finite element method?
What does assurance mean in the financial reporting context? Who are the three parties relevant to an assurance engagement?
Refer to E 29 and respond to the following requirements. Data in E 2-9 Prepare the necessary adjusting entries on December 31, 2024, for the Microchip Company for each of the following situations....
A family of cdfs {F(x|), } is stochastically decreasing in if 1 > 2 F(x|2) is stochastically greater than F(x|1). (See Exercises 3.41 and 3.42.) (a) Prove that if X ~ Fx(x|), where the sample...
Why are U.S. Treasury bonds not completely riskless? AppendixLO1
Consider the constrained problem: min a:3 3xy s.t. 2x y = 5 5x + 2y> 37 x,y > 0 Is the objective function convex? Apply the KKT conditions; do we find the true minimizer?
Lorlily Company is an agricultural supply firm. The management of the company is decentralized, with division managers heading the two operating divisions: Machinery and Seed/Fertilizer. Within each...
Common stock is typically stated at Select one: O a. Fair market value. O b. Appraised value. O c. par value O d. sale value
The steel shaft, 3 ft long and 4 in. in diameter, carries the end torque of 15 kip ft. Determine (a) the maximum shear stress in the shaft; and (b) the angle of twist of the shaft. Use G = 12 x 106...
How is total asset turnover computed? Why would a financial statement user be interested in total asset turnover?
Strike Bowling installs automatic scorekeeping equipment with an invoice cost of $180,000. The electrical work required for the installation costs $8,000. Additional costs are $3,000 for delivery and...
A company has a resource XYZ. If there is a breach of security, the company may face a fine of $100,000 and pay another $20,000 to clean up the breach. The company believes that an attack is likely...
Lennys Limousine Service (LLS) is considering the purchase of two Hummer limousines. Various information about the proposed investment follows: Required: Help LLS evaluate this project by calculating...
Lancer Corp. has the following information available about a potential capital investment Required: 1. Calculate the projects net present value. 2. Without making any calculations, determine whether...
Woodchuck Corp. is considering the possibility of outsourcing the production of upholstered chair pads included with some of its wooden chairs. The company has received a bid from Padalong Co. to...
Woodchuck Corp. is considering eliminating a product from its line of outdoor tables. Two products, the Oak-A and Fiesta tables, have impressive sales. However, sales for the Studio model have been...
Suppose that Flyaway Company also produces the Windy model fan, which currently has a net loss of $$40,000$ as follows: Eliminating the Windy product line would eliminate $$20,000$ of direct...
Eisley Corporation sold $200,000 of 9 percent, ten-year bonds for face value on September 1, 20xx. The issue date of the bonds was May 1, 20xx. The company's fiscal year ends on December 3 1 , and...
What are the principal alloying elements in SAE 4340 steel?
NATO is a 28-nation defense alliance that regards an attack on one member as an attack on every member. To provide the agreed level of mutual support, NATO members commit to spending at least 2...
The equity sections from Hovo Corporations 2015 and 2016 balance sheets follow. Stockholders Equity (December 31, 2015) Common stock $20 par value, 30,000 shares authorized, 17,000 shares issued and...
Refer to Apples financial statements in Appendix A to answer the following. 1. How many shares of common stock are issued and outstanding at September 28, 2013, and September 29, 2012? How do these...
Key comparative figures for Apple and Google follow. Required 1. Compute the book value per common share for each company using these data. 2. Compute the basic EPS for each company using these data....
Mediocre Company has sales of $120,000, fixed expenses of $24,000, and a net income of $12,000. If sales rose 10%, the new net income would be: Question 18 options: $16,800 $36,000 $13,200 $15,600
1. Why might managers of small restaurants decide not to adopt the standard work hour approach to controlling labour cost? (minimum 150 words )
Which statement is true regarding the U.S. GAAP impairment test for limited life intangibles? A. U.S. GAAP impairment is likely to be greater than IFRS impairment. B. The impairment test for limited...

Apple lists its plant assets as Property, plant and equipment, net. What does net mean in this

Question:

Step by Step Answer:

The word net means the total or complete amount of a p...View the full answer

Fundamental Accounting Principles

Students also viewed these Accounting questions