In a recent balance sheet, Microsoft Corporation reported Property, Plant, and Equipment of $16,259 million and Accumulated

Question:

In a recent balance sheet, Microsoft Corporation reported Property, Plant, and Equipment of $16,259 million and Accumulated Depreciation of $8,629 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...