Book v ed assets Cannington Inc. designs, manufactures, and markets personal computers and related software. Cannington als with related accessories and services, including online distribution of third-party music, videos, and applications. Property, Plant, and Equipment (in millions): Land and buildings Machinery, equipment, and internal-use software Other fixed assets $661,960 628,862 800,972 Accumulated depreciation and amortization (840,689) a. Compute the book value of the fixed assets for the current year and the preceding year. A Current Year Current year book value (in millions) $ Preceding year book value (in millions) $ Preceding Year $383,937 496,470 602,384 (701,678)

Property, Plant and Equipment (in millions): 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 additional fixed assets, which was offset by the additional depreciation expense of $ - A comparison of b. Would you normally expect Cannington's book value of fixed assets to increase or decrease during the year? ates that they A comparison of the total cost and accumulated depreciation reveals that Cannington purchased \$ million of million taken during the current year. increase or decrease during the year