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Book value of Fixed assets Cannigton, Inc., designs, manufactures, and markets personal computers and related sofeware. The follwong informatuon was taken from a recent annual

Book value of Fixed assets
Cannigton, Inc., designs, manufactures, and markets personal computers and related sofeware. The follwong informatuon was taken from a recent annual report of Cannington:
Property, Plant, and Equipment (in millions):
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Bopic Volue of Fixed Austs Cannisgton, Inc, desions, manufoctures, and markets personal computers and related software. The following information was taken from a recent ansual report of Cannington: Property, Plant, and Equipment (in millions): a. Compute the book value of the foed assets for the current year and the preceding year: A compariaen of the book values of the curreck and preceding vesis indicates that they V. A comporison of the tonal cost and accumuloted 1.x milion taken during the current year. b. Would you normatly expect the book value of flied assets to increase or decrease during the year? Futhar: Thesk winer. results. Combler what happene in businese that affects assets and depreciation

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