Book Value of Fixed Assets 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): a. Compute the book value of the fixed assets for the current year and the preceding year. A comparison of the book values of the current and preceding years indicates that they . A comparison of the total cost and accumulated depreciation reveals that Apple purchased $ depreciation expense of $ depreciation expense of $ b. Would you normally expect Apple's book value of fixed assets to increase or decrease during the year? million of additional fixed assets, which was offset by the additional million taken during the current year