Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What was the gross amount of property and equipment on Microsoft s balance sheet as of June 3 0 , 2 0 2 1 ?

What was the gross amount of property and equipment on Microsofts balance sheet as of June 30,2021?
(In millions) June 30,20212020 Assets Current assets: Cash and cash equivalents $ 14,224 $ 13,576 Short-term investments 116,110122,951 Total cash, cash equivalents, and short-term investments 130,334136,527 Accounts receivable, net of allowance for doubtful accounts of $751 and $78838,04332,011 Inventories 2,6361,895 Other current assets 13,39311,482 Total current assets 184,406181,915 Property and equipment, net of accumulated depreciation of $51,351 and $43,19759,71544,151 Operating lease right-of-use assets 11,0888,753 Equity investments 5,9842,965 Goodwill 49,71143,351 Intangible assets, net 7,8007,038 Other long-term assets 15,07513,138 Total assets $ 333,779 $ 301,311

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions