Use the Following to Answer Questions

question 39

Essay

Use the following to answer questions
In its 2016 annual report to shareholders,Plank Breweries included the following note:
Fixed Assets
Fixed assets consist of the following (in $ thousands):
Total depreciation expense was approximately $2.121 million and $2.179 million for the years ended December 31,2016 and 2015,respectively.
Also,Plank Breweries reported the following information in its annual report (in $ thousands):
Required:
-Show the journal entry to record Plank's disposal of the fixed assets during 2016.

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Definitions:

Value for Y

This term does not directly correspond to a widely recognized economic concept without additional context. It may be used in specific mathematical or economic models to denote the value of a variable Y.

Marginal Utility

The change in total utility a person receives from consuming one additional unit of a good or service.

Change in Total Utility

The difference in the overall satisfaction a consumer receives before and after the consumption of an additional unit of a good or service.

Consuming One More Unit

The action or decision of using up an additional unit of a good or service and its impact, often related to marginal utility.