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In a recent 10K report, United Presents Service states it is the world's largest package delivery company, a leader in the US. lessthan-truckload industry, and

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In a recent 10K report, United Presents Service states it "is the world's largest package delivery company, a leader in the US. lessthan-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, Plont 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 t fair value is recorded. Fair values are determined based on quoted market values, discounted cash flows, or external appraisals, as appropriate. Compute the amount of property and equipment that United Presents wrote off as impaired during the year, if any. (Hint: Set up T-accounts.) Note: Enter your answer in milition: (i.e., 10,000,000 should be entered as io)

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