please help

Book Value of Fixed Assets

Cannington Inc. designs, manufactures, and markets personal computers and related software. Cannington also manufactures and distributes music players (cod), mobile phones (cPhone), and smartwatches (Cannington Watch) along with related accessories and services, including online distribution of third-party music, videos, and applications. 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

$549.230

318.553

Machinery, equipment, and internal-use software

Other fixed assets

521.769

411923

664.568

499.799

Accumulated depreciation and amortization

(697,522)

(582,184)

a. Compute the book value of the fixed assets for the current year and the preceding year.

Current vear book value (in millions!

Preceding vear book value (in millions)

A comparison of the book values of the current and preceding vears indicates that they increased fixed assets, which was offset by the additional depreciation expense of

~. A comparison of the total cost and accumulated depreciation reveals that Cannington purchased $

million taken during the current vear.

b. Would vou normally expect Cannington's book value of fixed assets to increase or decrease during the year?

Increase

Property. Plant, and raubment (in inatibss) : Preperty, plant, and Eepigmest (in millions) Cumbit vear book ralue (irimilaris) frecedeng ras book value kimakiont) ficed assetr, wheh was otset by the addeional depeoubon moenae it