When Anheuser-Busch Company recognized a $160 million charge on its income statement for the closure of Tampa Breweries, it consisted of a write-down of plant assets of $113.7 million, employee severance costs of $19.4 million, and other disposal costs of $26.9 million. The following year, the company disclosed a $54.7 million gain associated with the sale of the St. Louis Cardinals baseball team. The team was sold for $150 million.
For each of the elements of these disclosures, discuss how the basic accounting equation could have been affected and how these items were disclosed on Anheuser-Busch's income statement.