Book value of fixed assets Obj. 4 In a recent balance sheet, Microsoft Corporation (MSFT) reported Property,

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Book value of fixed assets Obj. 4 In a recent balance sheet, Microsoft Corporation (MSFT) reported Property, Plant, and Equipment of $38,156 million and Accumulated Depreciation of $19,800 million.

a. What was the book value of the fixed assets?

b. Would the book value of Microsoft’s fixed assets normally approximate their fair market values?

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Corporate Financial Accounting

ISBN: 9781337398176

15th Edition

Authors: Carl Warren, Jefferson Jones

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