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 $ 179,000 $ Land improvements Buildings 1,700,000 332,900 Equipment 1,325,000 321,500 Automobiles and trucks 176,000 104,325 Leasehold improvements 224,000 112,000 Depreciation methods and useful lives: Buildings150% declining balance; 25 years