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Book value of fixed assets Cannington Inc, designs, manufactures, and markets personal computers and related...

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Accounting

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Book value of fixed assets Cannington Inc, designs, manufactures, and markets personal computers and related sofware. Cannington aiso manufactures and distributes music players (od), mobile phones (cPhone), and smartwatches (Cannington Watch) along with related accessories and services, including online distribution of third-party music, videcs, and applications. The following information was taken from a recent annual report of Cannington: Property, Plant, and Equipment (in millions): a. Compute the book value of the fixed assets for the current Fear and the preceding year. Current year book value (in millons) $ Preceding year book value (in millions) : A compartson of the book values of the current and preceding years indicates that they A compsrison of the total cost and accumulated depreciation reveals that Cannington purchased \$ million of additional foxed assets, which was offset by the additional depreciation expense of $ million taken during the current year. b. Would you normally expect Cannington's book value of foxed assets to increase or decrease during the year

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