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

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Apple, Inc., designs, manufactures, and markets personal computers (iPad) and related software. Apple also manufactures and distributes music players (iPod) along with related accessories and services, including the online distribution of third-party music. The following information was adapted from a recent annual report of Apple: Property, Plant, and Equipment (in millions): Year 2 Year 1 Land and buildings $643,630 $373,305 Machinery, equipment, and internal-use software 611,449 482,723 Office furniture and equipment 96,545 83,672 Other fixed assets related to leases 778,792 585,703 Accumulated depreciation and amortization (817,410) (682,248) a. Compute the book value of the fixed assets for Years 1 and 2. Year 2 Year 1 b. Would you normally expect the book value of fixed assets to increase or decrease during the year

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