Calculator Book Value of Fived Assets Cannington, Inc.designs, manufactures, and markets personal computers and related software. The following information was taken from a recent annual report of Cannington industries: Property, Plant, and Equipment (in millions) Current Year Preceding Year Land and buildings $572,490 Machinery equipment, and internal use software 543,866 429,35 Office Furniture and equipment 85,874 74,424 Other fixed assets related to leases 692,713 520,966 Accumulated depreciation and amortization (727,062) (606.839) a. Compute the book value of the feed assets for the current year and the preceding year, Current year book value Preceding year book value b. Would you normally expect the book value of foued to increase or decreaseduring the year (previous Next Check My Workmore Check My Worsmaning