In a recent balance sheet macrohard inc reported property, Accounting Basics

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In a recent balance sheet macrohard inc reported property

Problem

In a recent balance sheet, Macrohard, Inc. reported Property, Plant, and Equipment of $710,140 and Accumulated Depreciation of $411,900.

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

B. Would the book values of Macrohard's fixes assets normally approximate their fair market values?

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Accounting Basics: In a recent balance sheet macrohard inc reported property

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Accounting Basics: In a recent balance sheet macrohard inc reported property

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