Cost of property and equipment (beginning of year) Cost of property and equipment (end of year) Capital expenditures during the year Accumulated depreciation (beginning of year) Accumulated depreciation (end of year) Depreciation expense during the year Cost of property and equipment sold during the year Accumulated depreciation on property sold Cash received on property sold Dollars in Millions $43,674 48,726 5,652 24,874 26,608 2,282 600 548 24 Required: 1. Reconstruct the journal entry for the disposal of property and equipment during the year. 2. Compute the amount of property and equipment that United Parcel wrote off as impaired during the year, if any. (Hint: Set up T- accounts.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount of property and equipment that United Parcel wrote off as impaired during the year, if any. (Hint: Set up T-accounts.) (Enter your answer in millions.) Impairment loss million