Book Value of Fixed Assets 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 2 Year 1 $544,140 516,933 81,621 658,409 701,941 10,883 (691,058) $315,601 408,105 70,738 495,167 696,499 5,441 (576,788) Vehicles Aircraft Land Buildings Equipment Construction in progress Less accumulated depreciation a. Compute the book value of the fixed assets for years 1 and 2. Year 2 book value Year 1 book value b. UPS appears to have fixed assets. This is typical of million million Y its operations in year 2 from of growing companies