The Boston Beer Company's 2020 financial report discloses the following information: Property, plant and equipment at the end of fiscal December 25, 2020 and December 26, 2019 are as follows: (unit: $1,000) years 2020 2019 $ 43,706 $47,591 Containers Machinery and plant equipment126,136 |118,711 Office equipment and furniture 12,367 Leasehold improvement 10,813 3,899 3,887 25,176 22,645 21,617 234,012 227,795 80,774 $142,889 $147,021 Land 25,259 Buildings (-) Accumulated Depreciation 91,123 The Company recorded depreciation expenses related to the above assets of $17.3 million and $16.8 million for the year ended December 25, 2020 and December 26, 2019. In addition, The Boston Beer Company's 2020 financia report discloses the following information: 25/12/2020 26/12/2019 Cash flows for investing activities + Purchses of property, plant and equipment. + Proceeds on disposal of property, plant and equipment. The note also states that the company has written off $300 of the cost of assets. |(13,608) (16,997) 20 8 Required: 1. Present a T- accounts: Property, plant, equipment (PPES) and Accumulated depreciation account of 2020 2. Prepare the journal entries for 2018 related to the sale of Boston's PPE in 2020

The Boston Beer Company's 2020 financial report discloses the following information: Property, plant and equipment at the end of fiscal December 25, 2020 and December 26, 2019 are as follows: (unit: $1,000) years 2020 2019 $ 43,706 $47,591 Containers Machinery and plant equipment126,136 |118,711 Office equipment and furniture 12,367 Leasehold improvement 10,813 3,899 3,887 25,176 22,645 21,617 234,012 227,795 80,774 $142,889 $147,021 Land 25,259 Buildings (-) Accumulated Depreciation 91,123 The Company recorded depreciation expenses related to the above assets of $17.3 million and $16.8 million for the year ended December 25, 2020 and December 26, 2019. In addition, The Boston Beer Company's 2020 financia report discloses the following information: 25/12/2020 26/12/2019 Cash flows for investing activities + Purchses of property, plant and equipment. + Proceeds on disposal of property, plant and equipment. The note also states that the company has written off $300 of the cost of assets. |(13,608) (16,997) 20 8 Required: 1. Present a T- accounts: Property, plant, equipment (PPES) and Accumulated depreciation account of 2020 2. Prepare the journal entries for 2018 related to the sale of Boston's PPE in 2020

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Please send me answer as soon as possible
Explain Future Advances?
Each client will invariably face some constraints which will limit his/her ability to achieve the stated goals. What are the possible constraints? Briefly discuss them.
What is political risk with practical example?
I don’t know how to solve for this
what exactly is a cookie jar reserve? Does using a cookie jar reserve follow GAAP? Does using a cookie jar reserve appear to be an ethical practice? Support your opinion. Your post should be more than a single sentence.
4. Explain Ted's strategy to justify his request and include a list of items Ted might ask for?
Can someone please show me how to do this?
Hh1.
The response provided is very brief, i need more explanation and analysis
Should they accept this special order?