Compute the book value of the fixed assets

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Reference no: EM131134017

EX 10-21 Book value of fixed assets

Apple Computer, Inc., designs, manufactures, and markets personal computers and related software. Apple also manufactures and distributes music players (iPod) and mobile phones (iPhone) along with related accessories and services including online distribution of thirdparty music, videos, and applications. The following information was taken from a recent annual report of Apple:

Property, Plant, and Equipment (in millions):

	Current	Preceding
	Year	Year
Land and buildings	$ 955	$ 810
Machinery, equipment, and internal-use software	1,932	1,491
Offi ce furniture and equipment	115	122
Other fi xed assets related to leases	1,665	1,324
Accumulated depreciation and amortization	1,713	1,292

a. Compute the book value of the fixed assets for the current year and the preceding year and explain the differences, if any.

b. Would you normally expect the book value of fixed assets to increase or decrease during the year?

Reference no: EM131134017

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