Question
Book Value of Fixed Assets Apple, Inc. (AAPL), designs, manufactures, and markets personal computers (iPad) and related software. Apple also manufactures and distributes music
Book Value of Fixed Assets Apple, Inc. (AAPL), designs, manufactures, and markets personal computers (iPad) and related software. Apple also manufactures and distributes music players (iPod) along with related accessories and services, including the online distribution of third-party music. The following information was adapted from a recent annual report of Apple: Property, Plant, and Equipment (in millions): Year 2 Year 1 Land and buildings $706,650 $409,857 Machinery, equipment, and internal-use software 671,318 529,988 Office furniture and equipment 105,998 91,865 Other fixed assets related to leases 855,047 643,052 Accumulated depreciation and amortization (897,446) (749,049) a. Compute the book value of the fixed assets for Years 1 and 2. Year 2 Year 1 million million
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