Read the following case and calculate the book value of Home Depot's current and prior year fixed assets. Explain the difference in the book value between the two years. Home Depot is a distributor of building materials, gardening and kitchen equipment, among others. The following information is from the company's books. Fixed assets Current year Previous year Buildings $28,300 $21,500 Machinery, equipment, and computer systems 32,250 22,600 Other fixed assets 6,800 8.200 Accumulated depreciation and amortization (31,500) (23,100)
Read the following case and calculate the book value of Home Depot's current and prior year fixed assets. Explain the difference in the book value between the two years. Home Depot is a distributor of building materials, gardening and kitchen equipment, among others. The following information is from the company's books. Fixed assets Current year Previous year Buildings $28,300 $21,500 Machinery, equipment, and computer systems 32,250 22,600 Other fixed assets 6,800 8.200 Accumulated depreciation and amortization (31,500) (23,100)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Read the following case and calculate the book value of Home Depot's current and prior year fixed assets.
Explain the difference in the book value between the two years.
Home Depot is a distributor of building materials, gardening and kitchen equipment, among others. The following information is from the company's books.
|
Fixed assets |
Current year |
Previous year |
|
Buildings |
$28,300 |
$21,500 |
|
Machinery, equipment, and computer systems |
32,250 |
22,600 |
|
Other fixed assets |
6,800 |
8.200 |
|
|
(31,500) |
(23,100) |
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