Book Value of Fixed Assets Apple, Inc. (AAPL), 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 $ 16,216 $ 13,587 Machinery, equipment, and internal-use software 65,982 54,210 Leasehold improvements 8,205 7,279 Accumulated depreciation and amortization (49,099) (41,293) a. Compute the book value of the fixed assets for Years 1 and 2. Year 2 $ million Year 1 $ million b. Would you normally expect the book value of fixed assets to increase or decrease during the year? Increase