Cannington, Inc., designs, manufactures, and markets personal computers and related software. The following information was taken...

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Cannington, Inc., designs, manufactures, and markets personal computers and related software. The following information was taken from a recent annual report of Cannington industries: Property, Plant, and Equipment (in millions): Current Year Preceding Year Land and buildings $619,340 $359,217 Machinery, equipment, and internal-use software 588,373 464,505 Office furniture and equipment 92,901 80,514 Other fixed assets related to leases 749,401 563,599 Accumulated depreciation and amortization (786,562) (656,500) 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 Cannington, Inc., designs, manufactures, and markets personal computers and related software. The following information was taken from a recent annual report of Cannington industries: Property, Plant, and Equipment (in millions): Current Year Preceding Year Land and buildings $619,340 $359,217 Machinery, equipment, and internal-use software 588,373 464,505 Office furniture and equipment 92,901 80,514 Other fixed assets related to leases 749,401 563,599 Accumulated depreciation and amortization (786,562) (656,500) 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

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