Depreciation methods and useful lives:

Buildings $-150\%$ declining balance; $25$ years.

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 $19,000$

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

building for property tax purposes are $$207,000$ and $$483,000,$ respectively.

b$.$ On March $25,2024,$ new parking lots, streets, and sidewalks at the acquired plant facility were completed at a total cost of

$$156,000.$ 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 $$319,000.$ Additional costs of $$11,000$ for delivery and $$44,000$

for installation were incurred.

e$.$ On September $30,2024,$ Cord purchased a new automobile for $$11,900.$

f$.$ On September $30,2024,$ a truck with a cost of $$23,400$ and a book value of $$8,000$ on date of sale was sold for $$10,900.$

Depreciation for the nine months ended September $30,2024,$ was $$1,800.$

g$.$ On December $20,2024,$ equipment with a cost of $$14,000$ and a book value of $$2,825$ at date of disposition was scrapped without

cash recovery.

Required:

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 $31,$

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.Depreciation methods and useful lives:

Buildings $-150\%$ declining balance; $25$ years.

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 $19,000$

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

building for property tax purposes are $$207,000$ and $$483,000,$ respectively.

b$.$ On March $25,2024,$ new parking lots, streets, and sidewalks at the acquired plant facility were completed at a total cost of

$$156,000.$ 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 $$319,000.$ Additional costs of $$11,000$ for delivery and $$44,000$

for installation were incurred.

e$.$ On September $30,2024,$ Cord purchased a new automobile for $$11,900.$

f$.$ On September $30,2024,$ a truck with a cost of $$23,400$ and a book value of $$8,000$ on date of sale was sold for $$10,900.$

Depreciation for the nine months ended September $30,2024,$ was $$1,800.$

g$.$ On December $20,2024,$ equipment with a cost of $$14,000$ and a book value of $$2,825$ at date of disposition was scrapped without

cash recovery.

Required:

Prepare a schedule analyz