Would the book values of Cisco Systems’ fixed assets normally approximate their fair market values?
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Cisco Systems Inc. reported Property, Plant, and Equipment of $5,029 million and Accumulated Depreciation of $2,438 million at July 28, 2001.
a. What was the book value of the fixed assets at July 28, 2001?
b. Would the book values of Cisco Systems’ fixed assets normally approximate their fair market values?
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