What was the book value of the fixed assets


Response to the following problem:

For a recent year, Barnes & Noble Inc. reported Property, Plant, and Equipment of $2,815,233,000 and Accumulated Depreciation of $2,003,199,000.

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

b. Would the book values of Barnes & Noble's fixed assets normally approximate their fair market values?

 

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Accounting Basics: What was the book value of the fixed assets
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