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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

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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 1 Summary 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) Cost of property and equipment (end of year) Capital expenditures during the year Accumulated depreciation (beginning of year) Accumulated depreciation (end of year) S 40,931 42.820 2,878 21,690 22,859 Cost of property and equipment sold during the year Accumulated depreciation on property sold Cash received on property sold 113

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