In a recent $10-$K report, United Presents Service states it $"$is the world's largest package delivery company, a leader in the U$.$S$.$ less$-$

than$-$truckload industry, and the premier provider of global supply chain management solutions." The following note and data were

reported:

NOTE $1-$SUMMARY OF ACCOUNTING POLICIES

Property, Plant and Equipment

We review long$-$lived assets for impairment when circumstances indicate the carrying amount of an asset may not be recoverable

based on the undiscounted future cash flows. If the carrying amount of the asset is determined not to be recoverable, a write$-$down to

fair value is recorded. Fair values are determined based on quoted market values, discounted cash flows, or external appraisals, as

appropriate.

Required:

Reconstruct the journal entry for the disposal of property and equipment during the year.

Compute the amount of property and equipment that United Presents 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 $2$

Reconstruct the journal entry for the disposal of property and equipment during the year.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Enter your answers in

millions $($i$.$e$.,10,000,000$ should be entered as $10).$

Journal entry worksheet

$1$

Record the disposal of property and equipment during the year.

Note: Enter debits before credits.