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Book Value of Fixed Assets The following data (in millions) were adapted from recent annual reports of United Parcel Service, Inc. (UPS). UPS provides delivery and freight services throughout the world. 691,610 109,202 880,892 939,133 Vehicles Aircraft Land Buildings Equipment Construction in progress Less accumulated depreciation Year 2 $728,010 14,560 (924,573) a. Compute the book value of the fixed assets for years 1 and 2. Year 2 book value Year 1 book value b. UPS appears to have expanded million million its operations in year 2 from sales Year 1 $422,246 546,008 94,641 662,489 931,853 7,280 (771,691) of fixed assets. This is typical of growing companies.