Question:

Christy Company operates in the entertainment industry. In June 2013, Christy purchased Matt?s Movies which produces and distributes various video products. The purchase resulted in $2.7 million in goodwill. Since then, Christy has undertaken a number of business acquisitions and diversifications as the company expands. Selected date from a recent annual report are as follows: (dollars in thousands)

Property, Plant & Equipment and Intangibles Balance Sheet	Current Year	Prior Year
Film cost (net of amortization)	$1,272	$991
Artists' Contracts and other Entertainment Assets	$761	$645
Property, Plant & Equipment (net)	$2,733	$2,559
Excess of Cost over Fair Value of Assets Acquired	$3,076	$3,355
Accumulated Depreciation on Property, Plant & Equipment	$1,178	$1,023
Income Statement
Total Revenue	$9,714	$10,644
Statement of Cash Flows
Income from Operations	$880	$445
Adjustments
Depreciation	$289	$265
Amortization	$208	$190
Other Adjustments	-$1,618	-$256
Net Cash provided by Operations	-$241	$644

What was the approximate age of the property, plant, and equipment at the end of the current year?