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Book Value of Fixed Assets In a recent balance sheet, Microsoft Corporation reported Property, Plant,...

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Accounting

Book Value of Fixed Assets

In a recent balance sheet, Microsoft Corporation reported Property, Plant, and Equipment of $742,670 and Accumulated Depreciation of $430,700.

a. What was the book value of the fixed assets?

b. Would the book value of Microsoft Corporation's fixed assets normally approximate their fair market values? Choose "yes" or "no".

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