The following information was taken from a recent annual report of Harrison Company (in millions): Current...

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The following information was taken from a recent annual report of Harrison Company (in millions): Current Preceding Year Year Land and buildings $726 $361 Machinery, equipment, and internal-use software 595 470 Office furniture and equipment 94 81 Other fixed assets related to leases 760 569 Accumulated depreciation and amortization 894 644 Required: a. Compute the book value of the fixed assets for the current year and the preceding year. Book Value Current Year: Preceding Year: million i million b. If a company is in an expansion phase, would you normally expet the book value of fixed assets to increase or decrease during the year? The following information was taken from a recent annual report of Harrison Company (in millions): Current Preceding Year Year Land and buildings $726 $361 Machinery, equipment, and internal-use software 595 470 Office furniture and equipment 94 81 Other fixed assets related to leases 760 569 Accumulated depreciation and amortization 894 644 Required: a. Compute the book value of the fixed assets for the current year and the preceding year. Book Value Current Year: Preceding Year: million i million b. If a company is in an expansion phase, would you normally expet the book value of fixed assets to increase or decrease during the year?