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:
-Use a T- account to show the balances and changes during 2016 in Plank Breweries:
Fixed assets account and Accumulated depreciation-fixed assets account (in $ thousands).
Correct Answer:
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