Compute book value of fixed assets for years one and two

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Reference no: EM133931843

Problem

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. Get the instant assignment help.

	Year 2	Year 1
Vehicles	$609,160	$353,313
Aircraft	578,702	456,870
Land	91,374	79,191
Building and improvements	737,084	554,336
Equipment	785,816	779,725
Construction in progress	12,183	6,092
Less accumulated depreciation	(773,633)	(645,710)

Task

Compute the book value of the fixed assets for years 1 and 2. But the amount $583817 is incorrect for year 1.

Reference no: EM133931843

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