Current Year Preceding Year Land and buildings $569,450 $330,281 Machinery, equipment, and internal-use software 540,978 427,088 Other fixed assets related to leases 689,035 518,200 Accumulated depreciation and amortization (723,202) (603,617) a. Compute the book value of the fixed assets for the current year and the preceding year Current year book value 1,076,261 Preceding year book value 671,952 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 s x million of additional fixed assets, which was offset by the 1 additional depreciation expense of s X million taken during the current year 1 b. Would you normally expect the book value of fixed assets to increase or decrease during the vear? Increase Feedback