eBook Book Value of Fixed Assets 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) Land and buildings Current Year Preceding Year $572,020 $331,772 Machinery, equipment, and internal-use software 543,419 429,015 Other fixed assets related to leases 692,144 120,530 Accumulated depreciation and amortization (726,465) (606,341) 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 comparson of the notat cost and ecomun milion of additional fiind assets, which was offset by the addiborta depreciation expense of A comparis at the book values of the current and preceding years indicates that they depreciation als that Cannington purchased s million taken during the current year b. Wadd you normally expect the book value of lead as to increase or decrease during the year?