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. ?

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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