Book Value of Foued Assets Cannington, Inc:, designs, manufactures, and markets personal computers and related software. The following information was taken from a recent annual report of Cannington: Property, Plant, and Equipment (in millions): a. Compute the book value of the fixed assets for the current year and the preceding year. 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 s milion of additional fixed assets, which was offet by the additional depreciation expense of s milion taken during the current year. b. Would you normally expect the book value of fixed assets to increase or decrease during the year