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Inferring Asset Impairment and Recording Disposal of an Asset In a recent 1 0 - K report, United Parcel Service states it is the
Inferring Asset Impairment and Recording Disposal of an Asset
In a recent K report, United Parcel Service states it is the world's largest package delivery company, a leader in the US lessthantruckload industry, and a global leader in supply chain management." The following note and data were reported:
Note Summary of Accounting Policies
Impairment of LongLived Assets
we review longlived 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....
tableDollars in MillionsCost of property and equipment beginning of year$
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