In Its 2018 Annual Report to Shareholders, Plank Breweries Included

Essay

In its 2018 annual report to shareholders, Plank Breweries included the following note:

Property, Plant, and Equipment

Property, plant, and equipment consist of the following (in $ thousands):

Total depreciation expense was approximately $2.121 million and $2.179 million for the years ended December 31, 2018 and 2017, respectively.

Also, Plank Breweries reported the following information in its annual report (in $ thousands):


-Prepare the journal entry to record Plank's disposal of the property, plant, and equipment during 2018.