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	$	167,000			$
Buildings		1,100,000				320,900
Machinery and equipment		725,000				309,500
Automobiles and trucks		164,000				92,325
Leasehold improvements		200,000				100,000
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:

1. On January 6, 2018, a plant facility consisting of land and building was acquired from King Corp. in exchange for 17,000 shares of Cord's common stock. On this date, Cord's stock had a fair value of $50 a share. Current assessed values of land and building for property tax purposes are $167,500 and $502,500, respectively.
2. On March 25, 2018, new parking lots, streets, and sidewalks at the acquired plant facility were completed at a total cost of $144,000. These expenditures had an estimated useful life of 12 years.
3. 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.
4. On July 1, 2018, machinery and equipment were purchased at a total invoice cost of $317,000. Additional costs of $10,000 for delivery and $42,000 for installation were incurred.
5. On August 30, 2018, Cord purchased a new automobile for $11,700.
6. On September 30, 2018, a truck with a cost of $23,200 and a book value of $7,600 on date of sale was sold for $10,700. Depreciation for the nine months ended September 30, 2018, was $1,710.
7. On December 20, 2018, a machine with a cost of $13,000 and a book value of $2,775 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.

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	$167,000		$0
Land improvements	0		0
Buildings	1,100,000		0
Machinery and equipment	725,000
Automobiles and trucks	164,000
Leasehold improvements	200,000
	$2,356,000	$0	$0	$0

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	$0