Property, Plant, and Equipment (in millions): . Compute the book value of the fixed assets for the current year and the preceding year. Current year book value (in millions) $ receding year book value (in millions): A comparison of the book values of the current and preceding years indicates that they f additional 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 year. . Would you normally expect Cannington's book value of fixed assets to increase or decrease during the year