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In answer this Part: Assume that all of Cisco's acquisitions and sales of Property and Equipment (hereafter PP&E) during its fiscal year 2014 were
In answer this Part: Assume that all of Cisco's acquisitions and sales of Property and Equipment (hereafter PP&E) during its fiscal year 2014 were cash transactions. Cisco's PP&E was not affected by acquisitions of businesses. 1. (5 points) What was the purchase price of the PP&E that Cisco acquired during its fiscal year 2014? 2. (5 points) How much did Cisco originally pay for the PP&E that it sold during its fiscal year 2014? (That is, what was the historical cost of the PP&E that Cisco sold during fiscal year 2014?) 3. (5 points) What was the accumulated depreciation of the PP&E that Cisco sold during its fiscal year 2014? 4. (5 points) How much did Cisco receive for the PP&E it sold during its fiscal year 2014?
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