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Book value of fixed assets online distribution of third-party music, videos, and applications. The following information was taken from a recent annual report of Apple: Property, Plant, and Equipment (in millions): a. Compute the book value of the fixed assets for the current year and the preceding year. Current year book value (in millions) $ Preceding year book value (in millions) A comparison of the book values of the current and preceding years indicates that they A comparison of the total cost and accumulated depreciation reveals that Apple purchased $ million of additional fixed assets, which was offset by the additional depreciation expense of $ million taken during the current year. b. Would you normally expect Apple's book value of fixed assets to increase or decrease during the year? Depreciation by three methods; partial years 3 , and 720 hours in Year 4. Required: Note: FOR DECLINING BALANCE ONLY, round the final multiplier to four decimal places. Then, round the answer for each year to the nearest whole dar. - Ctrainht_lino mathnd Feedback Check My Work Annual units-of-activity depreciation allocates the cost of the asset equally over the units produced (hours). The double-declining rate is two times the straight-line rate. Book value is the asset cost minus accumulated depreciation