The plant asset and accumulated depreciation accounts of Pell Corporation had the following balances at December 31, 2015:

Land $320,000 Land Improvements $171,000 Building $1,440,000 Machinery & Equipment $1,098,000 Automobiles $144,000

Transactions during 2016 were as follows:
a.	On January 2, 2016, machinery and equipment were purchased at a total invoice cost of $230,000, which included a $4,900 charge for freight. Installation costs of $21,000 were incurred.
b.	On March 31, 2016, a machine purchased for $52,000 in 2012 was sold for $33,500. Depreciation recorded through the date of sale totaled $22,100.
c.	On May 1, 2016, expenditures of $44,000 were made to repave parking lots at Pell's plant location. The work was necessitated by damage caused by severe winter weather.
d.	On November 1, 2016, Pell acquired a tract of land with an existing building in exchange for 10,000 shares of Pell's common stock that had a market price of $32 per share. Pell paid legal fees and title insurance totaling $20,000. Shortly after acquisition, the building was razed at a cost of $29,000 in anticipation of new building construction in 2017.
e.	On December 31, 2016, Pell purchased a new automobile for $13,750 cash and trade-in of an old automobile purchased for $15,000 in 2012. Depreciation on the old automobile recorded through December 31, 2016, totaled $11,250. The fair value of the old automobile was $3,450.

Required:

For each asset classification, prepare a schedule showing depreciation for the year ended December 31, 2016, using the following depreciation methods and useful lives:

Land improvementsStraight line; 15 years.

Building150% declining balance; 20 years.

Machinery and equipmentStraight line; 10 years.

Automobiles150% declining balance; 3 years.

Depreciation is computed to the nearest month and no residual values are used. (Do not round intermediate calculations.)

Final Answer?:

PELL CORPORATION Depreciation Expense For the Year Ended December 31, 2016

Land Improvements . ___________?_____________ Building ___________?_____________ Machinery & Equipment . ___________?_____________ Automobiles ____________?____________ Total Depreciation Expense for 2016: ______?________