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In its 2021 annual report to shareholders, Buffalo Burgers Company, Inc., included the following in a disclosure note: E. Property, Plant, and Equipment Property, plant,
In its 2021 annual report to shareholders, Buffalo Burgers Company, Inc., included the following in a disclosure note: E. Property, Plant, and Equipment Property, plant, and equipment for the years ended December 28, 2021, and December 29, 2020, consisted of the following ($ in thousands): Machinery and plant equipment Kegs Land Building and building improvements Office equipment and furniture Leasehold improvements Less: accumulated depreciation 2021 $259,664 60,350 23,260 2020 $183,828 46,899 24,515 11 44,234 14,581 7,600 409,689 143,131 $266,558 36,667 12,580 6,193 310,682 120,734 $189,948 The Company recorded depreciation related to these assets of $23,565 in the 2021 fiscal year. Also, Buffalo Burgers reported the following information in the annual report ($ in thousands): Cash flows for investing activities: Purchases of property, plant, and equipment Proceeds on disposal of property, plant, and equipment Required: Years ended 12/28/2021 12/29/2020 $(100,655) $ 18 $(66,010) $ 41 Use a T-account to show the balances and changes during 2021 in Buffalo Burgers' Property, Plant, and Equipment account and its Accumulated Depreciation-Property, Plant, and Equipment account. Property Plant & Equipment Beg. Balance End. Balance Accumulated depreciation Beg. Balance End. Balance
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