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dont need to see work just answes thx At December 31, 2020, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as

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At December 31, 2020, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows: Plant Asset $ 172,000 Accumulated Depreciation and Amortization $ Category Land Land improvements Buildings Equipment Automobiles and trucks Leasehold improvements -21 1,350, eee 975, eee 169, eee 210, see 325,900 314,5ee 97,325 105, cee Depreciation methods and useful lives: Buildings150% declining balance; 25 years. Equipment-Straight line; 10 years. Automobiles and trucks-200% declining balance; 5 years, all acquired after 2017 Leasehold Improvements-Stralght line. Land Improvements-Straight line. Depreciation is computed to the nearest month and residual values are Immaterial. Transactions during 2021 and other Information: a. On January 6, 2021, a plant facility consisting of land and building was acquired from King Corp. In exchange for 22,000 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 $216,000 and $504,000, respectively. b. On March 25, 2021, new parking lots, streets, and sidewalks at the acquired plant facility were completed at a total cost of $174.000. These expenditures had an estimated useful life of 12 years. c. The leasehold Improvements were completed on December 31, 2017, and had an estimated useful life of eight years. The related lease, which would terminate on December 31, 2023, was renewable for an additional four-year term. On April 30, 2021, Cord exercised the renewal option. d. On July 1, 2021, equipment was purchased at a total Invoice cost of $322,000. Additional costs of $11,000 for delivery and $47,000 for Installation were incurred. On September 30, 2021, Cord purchased a new automobile for $12,200. f. On September 30, 2021, a truck with a cost of $23,700 and a book value of $8,600 on date of sale was sold for $11,200. Depreciation for the nine months ended September 30, 2021, was $1,935. g. On December 20, 2021, equipment with a cost of $15,500 and a book value of $2,900 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 2021. 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, 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule analyzing the changes in each of the plant asset accounts during 2021. Do not analyze changes in accumulated depreciation and amortization. Balance CORD COMPANY Analysis of Changes in Plant Assets For the Year Ending December 31, 2021 Balance 12/31/2020 Increase Decrease $ 172.000 S 398,000 0 174,000 1,350,000 924,000 975,000 380,000 15,500 12/31/2021 Land S 568,000 Land improvements Buildings Equipment 174,000 2,274,000 1,339,500 157.500 210.000 4.723,000 Automobiles and trucks 12,200 23,700 Leasehold improvements 169,000 210,000 2.876,000 $ S 1.888.200 S 39,200 S Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 For each asset category, prepare a schedule showing depreciation or amortization expense for the year ended December 31, 2021. (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) CORD COMPANY Depreciation and Amortization Expense For the Year Ending December 31, 2021 Land Improvements Buildings Equipment Automobiles and trucks Leasehold improvements Total depreciation and amortization expense for 2021 116,886 s 116,886

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