The plant asset and accumulated depreciation accounts of Pell Corporation had the following balances at December $31,2023$:

Transactions during $2024$ were as follows:

a$.$ On January $2,2024,$ equipment were purchased at a total Involce cost of $$295,000,$ which included a $$6,200$ charge for freight.

Installation costs of $$34,000$ were Incurred in addition to the invoice cost.

b$.$ On March $31,2024,$ a small storage bullding was donated to the company. The person donating the bullding originally purchased

It three years ago for $$32,000.$ The falr value of the bullding on the day of the donation was $$20,400.$

c$.$ On May $1,2024,$ expenditures of $$57,000$ were made to repave parking lots at Pell's plant location. The work was necessitated

by damage caused by severe winter weather. The repair doesn't provide future benefits beyond those originally anticipated.

d$.$ On November $1,2024,$ Pell acquired a tract of land with an existing bullding in exchange for $10,000$ shares of Pell's common

stock that had a market price of $$45$ per share. Pell paid legal fees and title insurance totaling $$26,500.$ Shortly after acquisition,

the bullding was razed at a cost of $$42,000$ in anticipation of new bullding construction in $2025.$

e$.$ On December $31,2024,$ Pell purchased a small storage bullding by glving $$17,000$ cash and an old automobile purchased for

$$21,500$ in $2017.$ Depreclation on the old automobile recorded through December $31,2024,$ totaled $$16,125.$ The falr value of the

old automobile was $$4,100.$

Requlred:

For each asset classification, prepare a schedule showing depreclation for the year ended December $31,2024,$ using the following

depreclation methods and useful lives:

Land Improvements$-$Straight line; $15$ years.

Bullding$-150\%$ declining balance; $20$ years.

Equipment$-$Straight IIne; $10$ years.

Automobiles$-$Units$-$of$-$production; $$0\mathrm{.}50$ per mile

Depreclation Is computed to the nearest month and no residual values are used. Automobiles were driven $41,500$ miles In $2024.$

Note: Do not round Intermedlate calculations and round your final answers to $2$ decimal places.