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nnington, Inc., designs, manufactures, and markets personal computers and related software, The following information was taken from a recent annual repert of nnington: roperty, Plant, and Equipment (in millions): Compute the book value of the fixed assets for the current year and the preceding year. A comparison of the book values of the current and preceding years indicates that they A comparison of the total cost and accumulated depreciation reveals that Cannington purchased $ million of additional fixed assets, which was offset by the additional depreciation expense of 1 milition taken during the current year. b. Would you normally expect the book value of fixed assets to increase or decrease during the year? Willow Creek Company purchased and installed carpet in its new general offices on May 30 for a total cost of $9,000. The carpet is estimated to have a 10 -year useful life and no residual value. a. Prepare the journal entry necessary for recording the purchase of the new carpet. If an amount box does not require an entry, leave it blank. May 30 b. Record the December 31 adjusting entry for the partial-year depreciation expense for the carpet, assuming that Willow Creek uses the straight-iline method. If an amount box does not require an entry, leave it blank. Do not round intermediate calculations. Dec. 31 A computer system acquired on January 1 at a cost of $144,000 has an estimated useful life of ten years. Assuming that it will have no residuat value. a. Determine the depreciation for each of the first two years by the straight-line method. First Year Second Year 5 b. Determine the depreciation for each of the first two years by the dowble-dectining-batance methodi. Do not round the double-declining balance rate, If required, round your final answers to the nearest dollar