In a recent balance sheet, Microsoft Corporation reported Property, Plant, and Equipment of $7,223 million and Accumulated

Question:

In a recent balance sheet, Microsoft reported Property, Plant, and Equipment of $7,223 million and Accumulated Depreciation of $4,179 million.
(a) What was the book value of the fixed assets?
(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...