Book Value of Fixed Assets Obj. 6 Apple Inc. (AAPL) designs, manufactures, and markets personal computers and related software. Apple also manufactures and distributes music players (iPod), mobile phones (iPhone), and smartwatches (Apple Watch) along with related accessories and services, including online distribution of third-party music, videos, and applications. The following information was taken from a recent annual report of Apple: Property, plant, and equipment (in millions): Current Year Preceding Year Land and buildings $ 20,041 $ 17,952 Machinery, equipment, and internal-use software 78,659 75,291 Other fixed assets 11,023 10,283 Accumulated depreciation and amortization (70,283) (66,760) Compute the book value of the fixed assets for the current year and the preceding year and explain he differences, if any. Would you normally expect Apple’s book value of fixed assets to increase or decrease during the year Why?
Book Value of Fixed Assets Obj. 6 Apple Inc. (AAPL) designs, manufactures, and markets personal computers and related software. Apple also manufactures and distributes music players (iPod), mobile phones (iPhone), and smartwatches (Apple Watch) along with related accessories and services, including online distribution of third-party music, videos, and applications. The following information was taken from a recent annual report of Apple: Property, plant, and equipment (in millions): Current Year Preceding Year Land and buildings $ 20,041 $ 17,952 Machinery, equipment, and internal-use software 78,659 75,291 Other fixed assets 11,023 10,283 Accumulated depreciation and amortization (70,283) (66,760) Compute the book value of the fixed assets for the current year and the preceding year and explain he differences, if any. Would you normally expect Apple’s book value of fixed assets to increase or decrease during the year Why?
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter7: Fixed Assets, Natural Resources, And Intangible Assets
Section: Chapter Questions
Problem 7.18E: Book value of fixed assets Apple. Inc., designs, manufactures, and markets personal computers...
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Question
Book Value of Fixed Assets
Obj. 6
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Apple Inc. (AAPL) designs, manufactures, and markets personal computers and related software. Apple also manufactures and distributes music players (iPod), mobile phones (iPhone), and smartwatches (Apple Watch) along with related accessories and services, including online distribution of third-party music, videos, and applications. The following information was taken from a recent annual report of Apple:
Property, plant, and equipment (in millions):
Current Year Preceding Year Land and buildings $ 20,041 $ 17,952 Machinery, equipment, and internal-use software 78,659 75,291 Other fixed assets 11,023 10,283 Accumulated depreciation and amortization(70,283) (66,760) -
Compute the book value of the fixed assets for the current year and the preceding year and explain he differences, if any.
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Would you normally expect Apple’s book value of fixed assets to increase or decrease during the year Why?
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