Solution-Compute the book value of the fixed assets for the

Compute the book value of the fixed assets for the year

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Reference no: EM132753023

Problem - 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	$10,185	$6,956
Machinery, equipment, and internal-use software	44,543	37,038
Other fixed assets	6,517	5,263
Accumulated depreciation and amortization	(34,235)	(26,786)

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

Reference no: EM132753023

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Compute the book value of the fixed assets for the year

Reference no: EM132753023

Reference no: EM132753023

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