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Book value of fixed assets Apple Inc. ( AAPL ) designs, manufactures, and markets personal computers and related software. Apple also manufactures and distributes music
Book value of fixed assets
Apple Inc. AAPL designs, manufactures, and markets personal computers and related software. Apple also manufactures and distributes music players iPod mobile phones iPhone and smartwatches Apple Watch along with related accessories and services, including online distribution of thirdparty music, videos, and applications. The following information was taken from a recent annual report of Apple:
Property, Plant, and Equipment in millions:
Land and buildings
Machinery, equipment, and internaluse software
Other fixed assets
Accumulated depreciation and amortization
a Compute the book value of the fixed assets for th
Current year book value in millions $
Preceding year book value in millions $
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 of additional fixed assets, which was offset by the additional depreciation expense of $ million taken during the current year.
b Would you normally expect Apple's book value of fixed assets to increase or decrease during the year?
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