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 b. UPS appears to have expanded $ a. Compute the book value of the fixed assets for years 1 and 2. million Year 2 million $666,040 632,738 99,906 805,908 859,192 13,321 (845,871) Year 1 $386,303 499,530 86,585 606,096 852,531 ✓its operations in year 2 from purchases 6,660 (706,002) ✓of fixed assets. This is typical of rapidly ✓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. Vehicles Aircraft Land Buildings Equipment Construction in progress Less accumulated depreciation Year 2 book value Year 1 book value b. UPS appears to have expanded $ a. Compute the book value of the fixed assets for years 1 and 2. million Year 2 million $666,040 632,738 99,906 805,908 859,192 13,321 (845,871) Year 1 $386,303 499,530 86,585 606,096 852,531 ✓its operations in year 2 from purchases 6,660 (706,002) ✓of fixed assets. This is typical of rapidly ✓growing companies. ?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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.
Vehicles
Aircraft
Land
Buildings
Equipment
Construction in progress
Less accumulated depreciation
Year 2 book value
Year 1 book value
$
b. UPS appears to have expanded
million
Year 2
a. Compute the book value of the fixed assets for years 1 and 2.
million
$666,040
632,738
99,906
805,908
859,192
13,321
(845,871)
Year 1
$386,303
✓its operations in year 2 from purchases
499,530
86,585
606,096
852,531
6,660
(706,002).
of fixed assets. This is typical of rapidly
✓ growing companies.
?
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