Yankee Co 's property, plant, and equipment and accumulated depreciation and amortization balances at December 31, Year 4, are Asset Cost Accumulated Depreciation Land $ 275,000 Buildings 2,800,000 $ 672,900 Machinery and equipment 1,380,000 367,500 Automobiles and trucks 210,000 114,326 Leasehold improvements 432,000 108,000 Totals $5,097,000 $1,262,726 Additional information Yankee entered into a 12 year operating lease starting January 1, Year 2 The leasehold improvements were completed on December 31, Year 1, and the facility was occupied on January 1, Year 2 On January 6, Year 5, Yankee completed its self construction of a building on its own land Direct costs of construction were $1,095,000 Construction of the building required 15,000 direct labor hours Yankee's construction department has an overhead allocation system for outside jobs based on an activity denominator of 100,000 direct labor hours, budgeted fixed costs of $2 5 million, and budgeted variable costs of $27 per direct labor hour On July 1, Year 5, machinery and equipment were purchased at a total invoice cost of $325,000 Additional costs of $23,000 to repair damage on delivery and $18,000 for concrete embedding of machinery were incurred A wall had to be demolished for a large machine to be moved into the plant The wall demolition cost $7,000, and rebuilding the wall cost $19,000 On August 30, Year 5, Yankee purchased a new automobile for $25,000 On September 30, Year 5, a truck with a cost of $48,000 and a carrying amount of $30,000 on December 31, Year 4, was sold for $23,500 On November 4, Year 5, Yankee purchased a tract of land for investment purposes for $700,000 Yankee may use the land as a future building site On December 20, Year 5, a machine with a cost of $17,000, a carrying amount of $2,975 on the date of disposition, and a fair value of $4,000 was given to a corporate officer in partial liquidation of a debt Enter the appropriate monetary values in the designated cells below for items properly classified as PPE Indicate decreases by using a leading minus ( ) sign If no entry is necessary, enter a zero (0) or leave the cell blank Do not consider accumulated depreciation Yankee Co ANALYSIS OF CHANGES IN PROPERTY, PLANT, AND EQUIPMENT For the Year Ended December 31, Year 5 Item Balance 12 31 Year 4 Increase Decrease Balance 12 31 Year 5 1 Land 2 Buildings 3 Machinery and equipment 4 Automobiles and trucks 5 Leasehold improvements

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Yankee Co.'s property, plant, and equipment and accumulated depreciation and amortization balances at December 31, Year 4, are Asset Cost Accumulated Depreciation Land $ 275,000

Yankee Co.'s property, plant, and equipment and accumulated depreciation and amortization balances at December 31, Year 4, are

*Asset*	*Cost*	*Accumulated Depreciation*
Land	$ 275,000	--
Buildings	2,800,000	$ 672,900
Machinery and equipment	1,380,000	367,500
Automobiles and trucks	210,000	114,326
Leasehold improvements	432,000	108,000
Totals	$5,097,000	$1,262,726
	̿ ̿ ̿ ̿ ̿ ̿ ̿ ̿ ̿ ̿ ̿ ̿ ̿ ̿ ̿ ̿ ̿	̿ ̿ ̿ ̿ ̿ ̿ ̿ ̿ ̿ ̿ ̿ ̿ ̿ ̿ ̿ ̿ ̿

Additional information

Yankee entered into a 12-year operating lease starting January 1, Year 2. The leasehold improvements were completed on December 31, Year 1, and the facility was occupied on January 1, Year 2.
On January 6, Year 5, Yankee completed its self-construction of a building on its own land. Direct costs of construction were $1,095,000. Construction of the building required 15,000 direct labor hours. Yankee's construction department has an overhead allocation system for outside jobs based on an activity denominator of 100,000 direct labor hours, budgeted fixed costs of $2.5 million, and budgeted variable costs of $27 per direct labor hour.
On July 1, Year 5, machinery and equipment were purchased at a total invoice cost of $325,000. Additional costs of $23,000 to repair damage on delivery and $18,000 for concrete embedding of machinery were incurred. A wall had to be demolished for a large machine to be moved into the plant. The wall demolition cost $7,000, and rebuilding the wall cost $19,000.
On August 30, Year 5, Yankee purchased a new automobile for $25,000.
On September 30, Year 5, a truck with a cost of $48,000 and a carrying amount of $30,000 on December 31, Year 4, was sold for $23,500.
On November 4, Year 5, Yankee purchased a tract of land for investment purposes for $700,000. Yankee may use the land as a future building site.
On December 20, Year 5, a machine with a cost of $17,000, a carrying amount of $2,975 on the date of disposition, and a fair value of $4,000 was given to a corporate officer in partial liquidation of a debt.

Enter the appropriate monetary values in the designated cells below for items properly classified as PPE. Indicate decreases by using a leading minus (-) sign. If no entry is necessary, enter a zero (0) or leave the cell blank. Do not consider accumulated depreciation.

Yankee Co.
ANALYSIS OF CHANGES IN
PROPERTY, PLANT, AND EQUIPMENT
For the Year Ended December 31, Year 5

*Item*	*Balance 12/31/Year 4*	*Increase*	*Decrease*	*Balance 12/31/Year 5*
1. Land
2. Buildings
3. Machinery and equipment
4. Automobiles and trucks
5. Leasehold improvements