IBM provided the following partial balance sheet data as of December 31, 2023:

• Property, Plant, and Equipment: $80,000,000
• Accumulated Depreciation: $30,000,000
• Intangible Assets: $5,000,000
• Goodwill: $3,000,000
• Short-term Investments: $7,500,000

Requirements:

1. Prepare the non-current assets section of the Balance Sheet.
2. Calculate the Net Book Value of Property, Plant, and Equipment.
3. Assess the total value of IBM's intangible assets.
4. Discuss the importance of Goodwill in IBM's financial statements.
5. Evaluate IBM's investment in fixed assets and its implications.