4/9/24, 9:04 PM In its 2004 annual report to shareholders, Boston Beer Co.

Disclosed the following footnote:

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In its 2004 annual report to shareholders, Boston Beer Co.

Disclosed the following footnote:
E. Property, Plant and Equipment
Property, plant and equipment for the years ended December 25, 2004 and December 27,
2003 consisted of the following (in thousands):

2004 2003

Kegs $ 25,427 $ 23,404

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4/9/24, 9:04 PM In its 2004 annual report to shareholders, Boston Beer Co. Disclosed the following footnote:

Plant and 20,359 19,185

machinery

Office equipment 6,791 5,937

and furniture

Leasehold 3,861 3,604

improvements

Land 350 350

►
Содержание

Building 1,420 1,420

$ 58,208 $ 53,900
►
Less accumulated 40,996 36,841

depreciation

_______ _______

$ 17,212 $ 17,059

The Company recorded depreciation expense related to these assets of $4.4 million and
$4.7 million for the years ended December 25, 2004 and December 27, 2003, respectively.

Also, Boston Beer reported the following information in the annual report (in thousands):

Years ended
12/25/04 12/27/03
Cash flows for investing
activities:
Purchases of property, (4,559 ) (1,729 )
plant and equipment (PPE)
Proceeds on disposal of 4 32
fixed assets (PPE)

Required:

128. Use a t- account to show the balances and changes during 2004 in
Boston Beer's: Property, Plant and Equipment account and its
Accumulated depreciation—Property, Plant & equipment account.

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4/9/24, 9:04 PM In its 2004 annual report to shareholders, Boston Beer Co. Disclosed the following footnote:

Answer:

Property Plant & Acc.Deprec.- Property Plant &

Equipment - Equipment

Beg. Beg.
Balance 53,900 36,841 Balance

Acc. Depreciation
Purchases 4,559 Disposals 251 Deprec. 4,400 Exp.

On
► disposals 245
Содержание

End. End.
Balance 58,208 40,996 Balance

►
Learning Objective: 1 Level of Learning: 3

129. Show the journal entry to record Boston Beer's disposal of the PPE during 2004.

Answer:

Cash 4

Acc. Deprec. 245

Loss on disposal 2

PPE 251

Learning Objective: 1 Level of Learning: 3

Use the following to answer questions 130-131:

In its 2004 annual report to shareholders, Plank Breweries disclosed the following footnote:

4. Fixed Assets

Fixed assets consist of the following (in $ thousands):

December 31,
2004 2003
Brewery and retail $ 14,465 $ 14,246
equipment
Furniture and fixtures 918 772
Leasehold improvements 13,808 13,563

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4/9/24, 9:04 PM In its 2004 annual report to shareholders, Boston Beer Co. Disclosed the following footnote:

Construction in 584 165

progress
Assets held for sale 4
29,775 28,750
Less accumulated (9,555 ) (7,625 )
depreciation __________ __________
$ 20,220 $ 21,125

Total depreciation expense was approximately $2.121 million and $2.179 million for the
years ended December 31, 2004 and 2003, respectively.
►
Also, Plank Breweries reported the following information in its annual report (in $
Содержание

thousands):

Years Ended December

► 31,

2004 2003

Acquisition of fixed assets 1,279 808

Proceeds from sale of fixed assets 15 157

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4/9/24, 9:04 PM In its 2004 annual report to shareholders, Boston Beer Co. Disclosed the following footnote:

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