Property, Plant, and Equipment (in millions): Current Preceding Year Year Land and buildings $6,956 $ 4,863 Machinery, equipment, and internal-use 37,038 29,639 software Other fixed assets 5,263 4,513 Accumulated depreciation and (26,786) (18,391) amortization
Property, Plant, and Equipment (in millions): Current Preceding Year Year Land and buildings $6,956 $ 4,863 Machinery, equipment, and internal-use 37,038 29,639 software Other fixed assets 5,263 4,513 Accumulated depreciation and (26,786) (18,391) amortization
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Book value of fixed assets
Apple 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 third-party music, videos, and applications. The following information was taken from a recent annual report of Apple:
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 Apple's book value of fixed assets to increase or decrease during the year? Why?
Transcribed Image Text:Property, Plant, and Equipment (in millions):
Current
Preceding
Year
Year
Land and buildings
$6,956
$ 4,863
Machinery, equipment, and internal-use
37,038
29,639
software
Other fixed assets
5,263
4,513
Accumulated depreciation and
(26,786)
(18,391)
amortization
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