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. Vehicles Aircraft Land Buildings Equipment Construction in progress Less: accumulated depreciation Year 2 book value $ Year 1 book value $ Year 2 million million $632,150 600,543 94,823 764,902 815,474 12,643 (802,831) Year 1 $366,647 474,113 82,180 575,257 809,152 6,322 a. Compute the book value of the fixed assets for years 1 and 2. (670,079)

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. Vehicles Aircraft Land Buildings Equipment Construction in progress Less: accumulated depreciation Year 2 book value $ Year 1 book value $ Year 2 million million $632,150 600,543 94,823 764,902 815,474 12,643 (802,831) Year 1 $366,647 474,113 82,180 575,257 809,152 6,322 a. Compute the book value of the fixed assets for years 1 and 2. (670,079)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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