The following data (in millions) were adapted from recent annual reports of United Parcel Service, Inc....

   

Transcribed Image Text:

The following data (in millions) were adapted from recent annual reports of United Parcel Service, Inc. (UPS). UPS provides delivery and freight services throughout the world. Year 1 Vehicles Aircraft Land Building and improvements Equipment Construction in progress Less accumulated depreciation Year 2 book value Year 1 book value Year 2 b. UPS appears to have i $495,700 470,915 74,355 599,797 639,453 9,914 (629,539) $287,506 371,775 64,441 451,087 634,496 4,957 a. Compute the book value of the fixed assets for years 1 and 2. million million its operations in year 2 from (525,442) of fixed assets. This is typical of growing companies. The following data (in millions) were adapted from recent annual reports of United Parcel Service, Inc. (UPS). UPS provides delivery and freight services throughout the world. Year 1 Vehicles Aircraft Land Building and improvements Equipment Construction in progress Less accumulated depreciation Year 2 book value Year 1 book value Year 2 b. UPS appears to have i $495,700 470,915 74,355 599,797 639,453 9,914 (629,539) $287,506 371,775 64,441 451,087 634,496 4,957 a. Compute the book value of the fixed assets for years 1 and 2. million million its operations in year 2 from (525,442) of fixed assets. This is typical of growing companies.