Apple, Inc. (AAPL), designs, manufactures, and markets personal computers (iPad) and related software. Apple also manufactures and distributes music players (iPod along with related accessories and services, including the online distribution of third-party music. The following information was adapted from a recent annual report of Apple: Property, Plant, and Equipment (in millions): Land and buildings Machinery, equipment, and internal-use software Office furniture and equipment Other fixed assets related to leases Accumulated depreciation and amortization a. Compute the book value of the fixed assets for Years 1 and 2: Year 2 Year 1 million million Year 2 $706,650 671,318 105,998 855,047 (897,446) Year 1 $409,857 529,988 91,865 643,052 (749,049)
Apple, Inc. (AAPL), designs, manufactures, and markets personal computers (iPad) and related software. Apple also manufactures and distributes music players (iPod along with related accessories and services, including the online distribution of third-party music. The following information was adapted from a recent annual report of Apple: Property, Plant, and Equipment (in millions): Land and buildings Machinery, equipment, and internal-use software Office furniture and equipment Other fixed assets related to leases Accumulated depreciation and amortization a. Compute the book value of the fixed assets for Years 1 and 2: Year 2 Year 1 million million Year 2 $706,650 671,318 105,998 855,047 (897,446) Year 1 $409,857 529,988 91,865 643,052 (749,049)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Book Value of Fixed Assets
Apple, Inc. (AAPL), designs, manufactures, and markets personal computers (iPad) and related software. Apple also manufactures and distributes music players (iPod)
along with related accessories and services, including the online distribution of third-party music. The following information was adapted from a recent annual report of
Apple:
Land and buildings
Machinery, equipment, and internal-use software
Office furniture and equipment
Other fixed assets related to leases
Accumulated depreciation and amortization
Property, Plant, and Equipment (in millions):
a. Compute the book value of the fixed assets for Years 1 and 2.
Year 2
Year 1
million
million
Year 2
$706,650
671,318
105,998
855,047
(897,446)
Year 1
$409,857
529,988
91,865
643,052
(749,049)
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