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Apple Inc. designs, manufactures, and markets personal computers and related software. Apple also manufactures and distributes music players (iPod) and mobile phones (iPhone) along with

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Apple Inc. designs, manufactures, and markets personal computers and related software. Apple also manufactures and distributes music players (iPod) and mobile phones (iPhone) along with related accessories and services, including online distribution of third-party music, videos, and applications. The following information was taken from a recent annual report of Apple: Property, Plant, and Equipment (in millions): Current Year Preceding Year $4,863 $3,309 Land and buildings Machinery, equipment, and internal-use software 29,639 21,242 Other fixed assets 4,513 3,968 Accumulated depreciation and amortization (18,391) (11,922) a. Compute the book value of the fixed assets for the current year and the preceding year. Current year book value in millions) Preceding year book value (in millions) A comparison of the book values of the current and preceding years indicates that they year. . A comparison of the total cost and accumulated depreciation reveals that Apple purchased $ million of additional fixed assets, which was offset by the additional depreciation expense of $ million taken during the current b. Would you normally expect Apple's book value of fixed assets to increase or decrease during the year

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