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 $ Preceding year book value 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 Cannington purchased $ million of additional fixed assets, which was offset by the additiona depreciation expense of million taken during the current year. b. Would you normally expect the book value of fixed assets to increase or decrease during the year