At December 31, 2020, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows Category Plant Asset Accumulated Depreciation and Amortization Land $ 184,000 $ Buildings 1,950,000 337,900 Equipment 1,575,000 326,500 Automobiles and trucks 181,000 109,325 Leasehold improvements 234,000 117,000 Land improvements Depreciation methods and useful lives Buildings150 declining balance 25 years EquipmentStraight line 10 years Automobiles and trucks200 declining balance 5 years, all acquired after 2017 Leasehold improvementsStraight line Land improvementsStraight line Depreciation is computed to the nearest month and residual values are immaterial Transactions during 2021 and other information On January 6, 2021, a plant facility consisting of land and building was acquired from King Corp in exchange for 34,000 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 $210,000 and $630,000, respectively On March 25, 2021, new parking lots, streets, and sidewalks at the acquired plant facility were completed at a total cost of $246,000 These expenditures had an estimated useful life of 12 years The leasehold improvements were completed on December 31, 2017, and had an estimated useful life of eight years The related lease, which would terminate on December 31, 2023, was renewable for an additional four year term On April 30, 2021, Cord exercised the renewal option On July 1, 2021, equipment was purchased at a total invoice cost of $334,000 Additional costs of $10,000 for delivery and $59,000 for installation were incurred On September 30, 2021, Cord purchased a new automobile for $13,400 On September 30, 2021, a truck with a cost of $24,900 and a book value of $10,800 on date of sale was sold for $12,400 Depreciation for the nine months ended September 30, 2021, was $2,430 On December 20, 2021, equipment with a cost of $21,500 and a book value of $3,200 at date of disposition was scrapped without cash recovery Required 2 For each asset category, prepare a schedule showing depreciation or amortization expense for the year ended December 31, 2021 please help me do the required 2 on the automobiles and trucks 2 For each asset category, prepare a schedule showing depreciation or amortization expense for the year ended December 31, 2021 X Answer is complete but not entirely correct Complete this question by entering your answers in the tabs below Required 1 Required 2 For each asset category, prepare a schedule showing depreciation or amortization expense for the year ended December 31, 2021 (Do not round intermediate calculations Round your final answers to nearest whole dollar ) CORD COMPANY Depreciation and Amortization Expense For the Year Ending December 31, 2021 Land Improvements Buildings Equipment 15,375 173,226 177,650 Automobiles and trucks 20,824 X Leasehold improvements Total depreciation and amortization expense for 2021 23,400 410,475

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At December 31, 2020, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows: Category Plant Asset Accumulated Depreciation and Amortization

At December 31, 2020, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows:

Category	Plant Asset		Accumulated Depreciation and Amortization
Land	$	184,000	$
Buildings		1,950,000		337,900
Equipment		1,575,000		326,500
Automobiles and trucks		181,000		109,325
Leasehold improvements		234,000		117,000
Land improvements

Depreciation methods and useful lives: Buildings150% declining balance; 25 years. EquipmentStraight line; 10 years. Automobiles and trucks200% declining balance; 5 years, all acquired after 2017. Leasehold improvementsStraight line. Land improvementsStraight line.

Depreciation is computed to the nearest month and residual values are immaterial. Transactions during 2021 and other information:

On January 6, 2021, a plant facility consisting of land and building was acquired from King Corp. in exchange for 34,000 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 $210,000 and $630,000, respectively.
On March 25, 2021, new parking lots, streets, and sidewalks at the acquired plant facility were completed at a total cost of $246,000. These expenditures had an estimated useful life of 12 years.
The leasehold improvements were completed on December 31, 2017, and had an estimated useful life of eight years. The related lease, which would terminate on December 31, 2023, was renewable for an additional four-year term. On April 30, 2021, Cord exercised the renewal option.
On July 1, 2021, equipment was purchased at a total invoice cost of $334,000. Additional costs of $10,000 for delivery and $59,000 for installation were incurred.
On September 30, 2021, Cord purchased a new automobile for $13,400.
On September 30, 2021, a truck with a cost of $24,900 and a book value of $10,800 on date of sale was sold for $12,400. Depreciation for the nine months ended September 30, 2021, was $2,430.
On December 20, 2021, equipment with a cost of $21,500 and a book value of $3,200 at date of disposition was scrapped without cash recovery.

Required:

2. For each asset category, prepare a schedule showing depreciation or amortization expense for the year ended December 31, 2021.

image text in transcribed please help me do the required 2 on the automobiles and trucks

2. For each asset category, prepare a schedule showing depreciation or amortization expense for the year ended December 31, 2021. X Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 For each asset category, prepare a schedule showing depreciation or amortization expense for the year ended December 31, 2021. (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) CORD COMPANY Depreciation and Amortization Expense For the Year Ending December 31, 2021 Land Improvements Buildings Equipment 15,375 173,226 177,650 Automobiles and trucks 20,824 X Leasehold improvements Total depreciation and amortization expense for 2021 23,400 410,475