Cannington, Inc., designs, manufactures, and markets personal computers and related software. The following information was taken...

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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): Current Year Preceding Year Land and buildings $711,410 $412,618 Machinery, equipment, and internal-use software 675,840 533,558 Other fixed assets related to leases 860,806 647,383 Accumulated depreciation and amortization (903,491) (754,095) 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 total cost and accumulated million of additional fixed assets, which was offset by the additional depreciation expense of A comparison of the book values of the current and preceding years indicates that they depreciation reveals that Cannington purchased t million taken during the current year. b. Would you normally expect the book value of fixed assets to increase or decrease during the year? 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): Current Year Preceding Year Land and buildings $711,410 $412,618 Machinery, equipment, and internal-use software 675,840 533,558 Other fixed assets related to leases 860,806 647,383 Accumulated depreciation and amortization (903,491) (754,095) 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 total cost and accumulated million of additional fixed assets, which was offset by the additional depreciation expense of A comparison of the book values of the current and preceding years indicates that they depreciation reveals that Cannington purchased t million taken during the current year. b. Would you normally expect the book value of fixed assets to increase or decrease during the year?