In Its 2018 Annual Report to Shareholders, Plank Breweries Included

question 150

Essay

In its 2018 annual report to shareholders, Plank Breweries included the following note:

Property, Plant, and Equipment

Property, plant, and equipment consist of the following (in $ thousands):

Total depreciation expense was approximately $2.121 million and $2.179 million for the years ended December 31, 2018 and 2017, respectively.

Also, Plank Breweries reported the following information in its annual report (in $ thousands):


-Required:
Use a T- account to show the balances and changes during 2018 in Plank Breweries:
Property, plant, and equipment account and Accumulated depreciation-Property, plant, and equipment (PPE) account (in $ thousands).

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Definitions:

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Diverse Families

Families that include members from varying racial, ethnic, socioeconomic, and cultural backgrounds, reflecting a wide range of experiences and perspectives.

Newly Immigrated Families

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Participation in an activity or task with full attention, involvement, and interest.