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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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