TITUL-assignments&takeAssignmentSessionLocator=assignment-take&inprogress-false eBook Calculator 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 Cansington industries Property, plant, and Equipment (in millions): Current Year Preceding Year Land and buildings $552,300 $320,334 Machinery, equipment, and internal-use software 524,685 414,225 Office furniture and equipment 82,845 71,799 Other fixed assets related to leases 668,283 502,593 Accumulated depreciation and amortization (701,421) (585,438) 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 b. Would you normally expect the book value of fixed assets to increase or decrease during the year