Book value of fixed assets OBJ. 2 In a recent balance sheet, Microsoft Corporation reported Property, Plant,

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Book value of fixed assets OBJ. 2 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?

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