Question

Apple, Inc., 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):


a. Compute the book value of the fixed assets for Years 1 and 2 and explain the differences, if any.
b. Would you normally expect the book value of fixed assets to increase or decrease during theyear?


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  • CreatedMarch 11, 2014
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