canadian accounting:

At December 31, 20x8, McCord Company's plant asset and accumulated depreciation accounts had balances as follows:

Category	Cost	Accumulated Depreciation
Land	$175,000	$-
Buildings	1,500,000	328,900
Machinery and equipment	1,125,000	317,500
Automobiles and trucks	172,000	100,325
Leasehold improvements	216,000	144,000
Land improvements	-	-

Depreciation methods and useful lives: Buildings - 6% diminishing balance Machinery and equipment-straight line - 10 years Automobiles and trucks - 30% diminishing balance; all acquired after 20x5. Leasehold improvements - straight line. Land improvements - straight line.

Depreciation is computed to the nearest month and residual values are immaterial.

Transactions during 20x9 and other information are as follows:

a. On January 6, 20x9, a plant facility consisting of land and building was acquired from King Corp. by the issue of common shares valued at $1,300,000. The plant facility could have been purchased for $1,250,000 cash. The fair value of the land and building (i.e. if they were acquired separately) is $600,000 and $750,000 respectively.

b. On March 25, 20x9, new parking lots, streets, and sidewalks at the acquired plant facility were completed at a total cost of $192,000. These expenditures had an estimated useful life of 12 years.

c. The leasehold improvements were completed on December 31, 20x5, and had an estimated useful life of six years. The related lease, which would terminate on December 31, 20x11, was renewable for an additional four year term. On April 29, 20x9, McCord exercised the renewal option, extending the lease to December 31, 20x15.

d. On July 1, 20x9, machinery and equipment were purchased at a total invoice cost of $325,000. Additional costs of $10,000 for delivery and $50,000 for installation were incurred.

e. On August 30, 20x9, McCord purchased a new automobile for $42,500.

f. On September 30, 20x9, a truck with a cost of $24,000 and a carrying amount of $9,100 on date of sale was sold for $11,500. Depreciation for the nine months ended September 30, 20x9, was $2,650.

g. On December 20, 20x9, a machine with a cost of $17,000 and a carrying amount of $2,975 at date of disposition was scrapped without cash recovery.

Required -

a. Prepare a schedule analyzing the changes in each of the plant asset accounts during 20x9. This schedule should include columns for beginning balance, increase, decrease, and ending balance for each of the plant asset accounts. Do not analyze changes in depreciation amortization.

b. For each asset category, prepare a schedule showing depreciation expense for the year ended December 31, 20x9. Round computations to the nearest whole dollar.