Barnes & Noble Inc. reported Property, Plant, and Equipment of $1,677,836,000 and Accumulated Depreciation of $991,187,000 at

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Barnes & Noble Inc. reported Property, Plant, and Equipment of $1,677,836,000 and Accumulated Depreciation of $991,187,000 at January 31, 2004.
a. What was the book value of the fixed assets at January 31, 2004?
b. Would the book values of Barnes & Noble’s fixed assets normally approximate their fair market values?

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Financial Accounting An Integrated Statements Approach

ISBN: 978-0324312119

2nd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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