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 $604,060 $350,355 Land and buildings Machinery, equipment, and internal-use software 573,857 453,045 730,913 549,695 Other fixed assets related to leases Accumulated depreciation and amortization (767,156) (640,304) 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 $ million of additional fixed assets, A comparison of the book values of the current and preceding years indicates that they increased A comparison of the total cost and accumulated depreciation reveals that Cannington purchased $ which was offset by the additional 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? Increase