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29.6.19 Book Value of Fund Assets Apple Inc. designs, manufactures, and markets personal computers and related software Apple ale manufactures and distributes music players (iPod)
29.6.19 Book Value of Fund Assets Apple Inc. designs, manufactures, and markets personal computers and related software Apple ale manufactures and distributes music players (iPod) and mobile phones (iPhone) along with related scenaries and services, including online distribution of third-party music, videos, and soplications. The following information was taken from a recent annual report of Asple Property, Plant, and Equipment (in millions) Current Year Preceding Year Land and buildings $4,163 53,309 Machinery, equipment, and internal-use software 21,242 Other fixed assets 4,513 3,960 Accumulated depreciation and amortation (18,392) (11.922) 2. Compute the book value of the fixed assets for the current year and the preceding year Current year hook value in millions) Preceding year book valuni miliona) A comparison of the book values of the current and preceding years indicates that they A comparison of the total cost and accumulated depreciation reveals that Apple purchased million at additional fixed assets, which was offset by the additional depreciation expense or s million taken during the current year. b. Would you normally expect Apple's took vanuse of fixed assets to increase or decrease during the year
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