At December 31, 2017, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows

category	Plant asset	Accumulated depreciation and amortization
land	182,000	___
buildings	1 850 000	335 900
Machinery and equipment	1 475 000	324 500
Automobiles and truck	179 000	107 325
Leasehold improvements	230 000	115 000
Land improvements	___	___

Depreciation methods and useful lives:

Buildings150% declining balance; 25 years.

Machinery and equipmentStraight line; 10 years.

Automobiles and trucks150% declining balance; 5 years, all acquired after 2014.

Leasehold improvementsStraight line.

Land improvementsStraight line.

Depreciation is computed to the nearest month and residual values are immaterial. Transactions during 2018 and other information:

On January 6, 2018, a plant facility consisting of land and building was acquired from King Corp. in exchange for 32,000 shares of Cord's common stock. On this date, Cord's stock had a fair value of $60 a share. Current assessed values of land and building for property tax purposes are $246,000 and $574,000, respectively.

On March 25, 2018, new parking lots, streets, and sidewalks at the acquired plant facility were completed at a total cost of $234,000. These expenditures had an estimated useful life of 12 years.

The leasehold improvements were completed on December 31, 2014, and had an estimated useful life of eight years. The related lease, which would terminate on December 31, 2020, was renewable for an additional four-year term. On April 30, 2018, Cord exercised the renewal option.

On July 1, 2018, machinery and equipment were purchased at a total invoice cost of $332,000. Additional costs of $11,000 for delivery and $57,000 for installation were incurred.

On August 30, 2018, Cord purchased a new automobile for $13,200.

On September 30, 2018, a truck with a cost of $24,700 and a book value of $10,400 on date of sale was sold for $12,200. Depreciation for the nine months ended September 30, 2018, was $2,340.

On December 20, 2018, a machine with a cost of $20,500 and a book value of $3,150 at date of disposition was scrapped without cash recovery.

Required:

1. Prepare a schedule analyzing the changes in each of the plant asset accounts during 2018. Do not analyze changes in accumulated depreciation and amortization.

2. For each asset category, prepare a schedule showing depreciation or amortization expense for the year ended December 31, 2018.

1.

Cord company

Analysis of changes in plant assets

For the year ending december 31, 2018

	balance			balance
	12/31/17	increase	decrease	12/31/18
land	182,000	172 800	0	?
Land improvements	0	?	?	?
buildings	1850 000	?	?	?
Machinery and equipment	1475 000	?	?	?
automobiles and trucks	179 000	?	?	?
Leasehold improvements	230 000	?	?	?
	3,916, 000	$	$	$

2. For each asset category, prepare a schedule showing depreciation or amortization expense for the year ended December 31, 2018.

Cord company

Depreciation and amortization expense

For the year ending december 31 2018

Land improvements	?
buildings	?
Machinery and equipment	?
Automobiles and trucks	?
Leasehold improvements	?
Total depreciation and amortization expense for 2018	?