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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?

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Financial And Managerial Accounting

15th Edition
WARREN + 1 other
Publisher: Cengage Learning,
ISBN: 9781337902663

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Chapter
Section
BuyFindarrow_forward

Financial And Managerial Accounting

15th Edition
WARREN + 1 other
Publisher: Cengage Learning,
ISBN: 9781337902663
Chapter 3, Problem 20E
Textbook Problem
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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?

a.

To determine

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:

Book value of fixed asset=Cost of the assetAccumulated depreciation=

b.

To determine

Explain whether the book value of M Corporation’s fixed assets normally approximate their market value.

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Chapter 3 Solutions

Financial And Managerial Accounting
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