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
Plant and	20,359	19,185
machinery
Office equipment	6,791	5,937
and furniture
Leasehold	3,861	3,604
improvements
Land	350	350
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.

Answer:

	Property Plant & Equipment						Acc.Deprec.--		Property Plant & Equipment
Beg. Balance	53,900									36,841	Beg. Balance
Purchases	4,559	Disposals	251			Acc. Deprec.				4,400	Depreciation Exp.
						On disposals		245
End. Balance	58,208									40,996	End. 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
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 $ thousands):

	Years Ended December 31,
	2004	2003
Acquisition of fixed assets	1,279	808
Proceeds from sale of fixed assets	15	157