$1.$ Prepare a schedule analyzing the changes in each of the plant asset accounts during $2024.$ Do not analyze changes in accumulated depreciation and amortization.

CORD COMPANY

Analysis of Changes in Plant Assets

For the Year Ending December $31,2024$

Balance $12/31/2023$ Increase Decrease Balance $12/31/2024$

Land $$165,000130,000295,000$

Land improvements $0132,000132,000$

Buildings $1,000,000520,0001,520,000$

Equipment $625,000315,0009,275($scrapped$)930,725$

Automobiles and trucks $162,00011,50015,800($sale$)157,700$

Leasehold improvements $196,000196,000$

$$2,148,000$

$2.$ For each asset category, prepare a schedule showing depreciation or amortization expense for the year ended December $31,2024.$

CORD COMPANY

Depreciation and Amortization Expense

For the Year Ending December $31,2024$

Land Improvements

Buildings

Equipment

Automobiles and trucks

Leasehold improvements

Total depreciation and amortization expense for $2024$