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Book value of fixed assets In a recent balance sheet, Microsoft Corporation (MSFT) reported Property, Plant, and Equipment of $38,156 million and Accumulated Depreciation of $19,800 million. a. What was the book value of the fixed assets? b. Would the book value of Microsoft’s fixed assets normally approximate their fair market values?
Financial And Managerial Accounting
Solutions
Financial And Managerial Accounting
Book value of fixed assets
In a recent balance sheet, Microsoft Corporation (MSFT) reported Property, Plant, and Equipment of $38,156 million and Accumulated Depreciation of $19,800 million.
a. What was the book value of the fixed assets?
b. Would the book value of Microsoft’s fixed assets normally approximate their fair market values?
a.
Determine the book value of fixed asset.
Explanation of Solution
Book value: The amount of acquisition cost of asset, less accumulated depreciation as on a particular date is referred to as book value.
Determine the book value of fixed asset:
b.
Explain whether the book value of M Corporation’s fixed assets normally approximate their market value.
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