In a recent 10-K report, National Package 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 1Summary of Accounting Policies

Impairment of Long-Lived Assets

. . . 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 of the asset. . . .

	Dollars in Millions
Cost of property and equipment (beginning of year)		$	41,109
Cost of property and equipment (end of year)			43,040
Capital expenditures during the year			2,933
Accumulated depreciation (beginning of year)			21,740
Accumulated depreciation (end of year)			22,911
Depreciation expense during the year			1,978
Cost of property and equipment sold during the year			950
Accumulated depreciation on property sold			807
Cash received on property sold			119

Required:

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

Transaction	General Journal	Debit	Credit

2. Compute the amount of property and equipment that National Package wrote off as impaired during the year. (Hint: Set up T-accounts.) (Enter your answer in millions.)

Million