Book value of thed assets Cannington Inc. designs, manufactures, and markets personal computers and related software. Cannington also manufactures and distributes music players (CPod), mobile phones (cPhone), and smartwatches (Cannington Watch) along with related accessories and services, induding online distribution of third-party musle, videos, and applications, 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. Curtent year book value (in millions) 1 Preceding year book value (in millions) $ 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 million of additional fixed assets, which was offset by the additional depreciation expense of s mililion taken during the current year. b. Would you normally expect Cannington's book value of foxed assets to increase or decrease during the year