Book Value of Fixed Assets Cannington, Property, Plant, and Equipment (in millions) ons, manufactures, and was taken from a n industries Current Year Preceding Year Land and building5 Machinery, equpment, and internal-use software Other fixed assets related to leases Accumulated depreciation and amortization a. Compute the book value of the fixed assets for the aurrent year and the preceding year Current year book value Preceding year book value A comparison of the book values of the current and preceding years indicates that they fixed assets, which was offset by the additional depreciation expense of b. Would you normally expect the book value of fixed assets to increase or decrease duing the year? 595,910 $345,628 566,115 721,051 (756,806) and int 056.08 42.270 (631.665) A comparison of the total cost and accumulated depredation reveals that Cannington purchased million of additional million taken during the current year