In a recent balance sheet, Microsoft Corporation reported Property, Plant, and Equipment of $58,683 million and Accumulated

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In a recent balance sheet, Microsoft Corporation reported Property, Plant, and Equipment of $58,683 million and Accumulated Depreciation of $29,223 million.

a. What was the book value of the fixed assets?

b. Would the book value of Microsoft’s fixed assets normally approximate their market values?

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Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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