In Its 2018 Annual Report to Shareholders, Buffalo Burgers Company

question 203

Essay

In its 2018 annual report to shareholders, Buffalo Burgers Company, Inc. included the following in a disclosure note:

E. Property, Plant and Equipment

Property, plant and equipment for the years ended December 28, 2018, and December 29, 2017, consisted of the following ($ in thousands):

The Company recorded depreciation related to these assets of $23,565 thousand in the 2018 fiscal year.

Also, Buffalo Burgers reported the following information in the annual report ($ in thousands):

-Use a T-account to show the balances and changes during 2018 in Buffalo Burgers' Property, Plant and Equipment account and its Accumulated depreciation-Property, Plant & Equipment account.

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Definitions:

Reverse Transcriptase

An enzyme used by some viruses to synthesize DNA from an RNA template, a critical component of the replication process of retroviruses.

Retroviruses

A class of viruses that reverse-transcribe their RNA genome into DNA for integration into the host's genome.

Nucleic Acid

Macromolecules essential for all known forms of life, which store and transfer genetic information in cells (e.g., DNA and RNA).

Reverse Transcriptase

An enzyme used by retroviruses to transcribe their RNA into DNA, allowing them to integrate into the host genome.