At December 31, 2023, Cord Company's plant asset and accumulated depreclation and amortization accounts had balances as follows: Depreciation methods and useful llves: Bulidings 150% declining balance; 25 years. Equipment-Straight line, 10 years. Automoblles and trucks 200% decining balance; 5 years, all ocquired ofter 2020 Leasehold improvements- Straight ine. tand improvements - straight ine Depreciation is computed to the nearest month and cesidual values are immaterial Transoctions during 2024 and other information 8. On January 6, 2024, o plant foclity consisting of lond and bullding was occuted from King corporation in exchange for 16.000 shares of cord's common stock, Oo this date, Cord's stock had fralc volue of $60 a share. Curtent assessed values of iand and bullaing for property tox purposes are $198.000 and $462000, respectively. b. On March 25, 2024, new porking lots, streets, and sidewalks at the acquired plant facility were completed at a total cost of $138,000. These expenditures had an estimated usefur ate of 12 years c. The leasehold improvements were completed on December 31,2020 , and had an estimated usefut iffe of eight years The related lease, which would terminate on December 31:2026. was renewable for an addivonal four-year term. On Aprit 30, 2024. Cord exercised the renewat option d. On July 1.2024, equipment was purchased at o total invoice cost or $316.000 Additonal costs of $11,000 for deellvery and $41,000 for instaliotion were incurted e. On September 30.2024 . Cord purchased o new automobile for $11,600 f On seotembet 30.2024 . a truck with a cost of $23,100 and a book value of $7.400 on date of sale was sold for $10.600 1. On September 30,2024 , a truck with a cost of $23,100 and a book value of $7,400 on date of sale was sold for $10,600. Depreclation for the nine months ended September 30, 2024, was $1,665. 9. On December 20,2024 , equipment with a cost of $12,500 and a book value of $2,750 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 2024. Do not analyze changes in accumulated depreclation and amortization. 2. For each asset category, prepare a schedule showing depreclation or amortization expense for the year ended December 31 , 2024. Complete this question by entering your answers in the tabs below. Prepare a schedule analyzing the changes in each of the plant asset accounts during 2024. Do not analyze changes in accumulated depreciation and amortization