recorded P 11-2 At December 31, 2015, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows: Comprehensive problem; Chapters 10 and 11 Category Plant Asset Accumulated Depreciation and L011-2, L011-4 Amortization Land 175,000 1,500,000 Buildings 328,900 1,125,000 317,500 Machinery and equipment 172,000 Automobiles and 100,325 trucks 216,000 108,000 Leasehold improvements Land improvements Depreciation methods and useful lives: Buildings-150% declining balance; 25 years Machinery and equipment-Straight line; 10 years Automobiles and trucks-150% declining balance; 5 years, all acquired after 2012. Leasehold improvements-Straight line. Land improvements-Straight line Depreciation is computed to the nearest month and residual values are immaterial. Transactions during 2016 and other information