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Book value of fixed assets Property, Plant, and Equipment ( in millions ) : a . Compute the book value of the fixed assets for
Book value of fixed assets
Property, Plant, and Equipment in millions:
a Compute the book value of the fixed assets for the current year and the preceding year.
Current year book value in millions $
Preceding year book value in millions $
million of additional
fixed assets, which was offset by the additional depreciation expense of $
million taken during the current year.
b Would you normally expect Cannington's book value of fixed assets to increase or decrease during the year?
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