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:

Diversity

The representation of a range of different identities and differences (such as ethnicity, gender, age, sexual orientation, disability, and cultural background) within a group or organization.

In-group Collectivism

The tendency of individuals in a group to prioritize and value the goals, needs, and well-being of the group over individual concerns.

Devoted

Showing strong loyalty or affection towards something or someone, often leading to dedicated and enthusiastic support or service.

Organizations

Structured groups of people who come together to achieve common goals.