At December 31, 2023, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows: Accumulated Depreciation and Amortization $ Category Land Land improvements Buildings Equipment Automobiles and trucks Leasehold improvements Plant Asset $ 166,000 1,050,000 675,000 163,099 198,000 Depreciation methods and useful lives: Buildings-150% declining balance: 25 years. 230,214 308,500 91,325 99,090 Equipment Straight line; 10 years. Automobiles and trucks-200% declining balance: 5 years, all acquired after 2020. Leasehold improvements-Straight line. Land improvements-Straight line. Depreciation is computed to the nearest month and residual values are immaterial. Transactions during 2024 and other information: a. On January 6, 2024, a plant facility consisting of land and building was acquired from King Corporation in exchange for 16.000 shares of Cord's common stock. On date, Cord's stock had a fair value of $60 a share. Current assessed values of land and building for property tax purposes are $198,000 and $462,000, respectively. b. On March 25, 2024, new parking lots, streets, and sidewalks at the acquired plant facility were completed at a total cost of $138,000. These expenditures had an estimated useful life of 12 years. c. The leasehold improvements were completed on December 31, 2020, and had an estimated useful life of eight years. The related lease, which would terminate on December 31, 2026, was renewable for an additional four-year term. On April 30, 2024, Cord exercised the renewal option. d. On July 1, 2024, equipment was purchased at a total invoice cost of $316,000. Additional costs of $11,000 for delivery and $41,000 for installation were incurred. e. On September 30, 2024, Cord purchased a new automobile for $11.600 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. Depreciation for the nine months ended September 30, 2024, was $1.665. g. 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 depreciation and amortization. 2. For each asset category, prepare a schedule showing depreciation or amortization expense for the year ended December 31, 2024

At December 31, 2023, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows: Depreciation methods and useful lives: Buildings 150% declining balance: 25 years Equipment-5traight line: 10 years. Automobiles and trucks 200% declining balance. 5 years, all acquired after 2020 . Leasehold improvements - Straight line. tand improvements-straight line. Oepreciation is computed to the nearest month and residual values are immaterial. Transactions duning 2024 and other information: a. On January 6,2024, a plant facility consisting of land and building was acquired from King Corporation in exchange for 16.000 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 bulding for property tax purposes are $198,000 and $462,000, respectively. b. On March 25, 2024, new parding fots, streets, and sidewaiks at the acquired plant facility were completed at a totai cost of $38,000. These expenditures had an estimated usefulite of 12 years. c. The leasehold improvements were completed on December 3t, 2020 , and had an estimated useful hite of eight years. The related lease, which would terminate on December 31, 2026, was tenewable for an additional four-year term. On April 30, 2024, Cord exercised the renewal option d. On July 1.2024, equipment was purchased at a totat invoice cont or $316,000. Addibonal costs or \$11,000 for delivery and $41,000 for instaliation were incurred e. On September 30.2024, Cord purchased a new aviomobile for $11,600 COn September 30,2024 a truck with a cost of $23,00 and a book value of $7,400 on date of sale was sold for $10,600 Depreciation for the nine months ended September 30.2024 , was $1.565 a. On December 20,2024 equipmerv with a cost of $12.500 and a book volue of $2.750 at date of disposition was serapped without. cachrecovery Required: 1. Prepaco a schedule analyzing the changes in ench of the plant asset accounts duning 2024. Do not analyze changes in accurtulated cepreclation and amprization. Prepare a schedule analyzing the changes in each of the plant asset accounts during 2024. Do not analyze changes in accumulated depreciation and amortization. For each asset category, prepare a schedule showing depreciation or amortization expense for the year ended December 31 , 2024. Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar