Bok Value of Fred Assets Cannington, Inc, design, manufactures, and markets personal computers and related software. The following information was taken from a recent annual report of Carrington industries Property, plant, and Equipment (in millions): Current Year Preceding Year Land and buildings $710,640 $412,171 Machinery, equipment, and internal use software 675,108 532,980 Orice furniture and equipment 106,596 92,383 Othered assets related to leases 859,874 646,682 Accumulated depreciation and amortation (902,513) (753,278) .. Compute the book value of the fixed assets for the current year and the preceding year, Current year book value Preceding year book value b. Would you normally expect the book value of fixed assets to increase or decrease during the year