Book Value of Fixed Assets Cannington, Inc., designs, manufactures, and markets personal computers and related software. The following information was taken from a recent annual report of Cannington Industries: Property, Plant, and Equipment (In millions): Current Year Preceding Year Land and buildings $364,257 $628,030 Machinery, equipment, and internal-use software 596,629 471,023 Office furniture and equipment 94,205 81,644 Other fixed assets related to leases 759,916 571,507 Accumulated depreciation and amortization (797,598) (665,712) a. 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