Microsoft Corporation reported Property, Plant, and Equipment of $5,891 million and Accumulated Depreciation of $3,623 million at

Question:

Microsoft reported Property, Plant, and Equipment of $5,891 million and Accumulated Depreciation of $3,623 million at June 30, 2002.
a. What was the book value of the fixed assets at June 30, 2002?
b. Would the book value of Microsoft Corporation's fixed assets normally approximate their fair market values?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...