At December $31,2023,$ Cord Company's plant asset and accumulated depreclation and amortization accounts had balances as follows:

Depreclation methods and useful lives:

Bulldings$-150\%$ declining balance; $25$ years.

Equipment$-$Stralght line: $10$ years.

Automobiles and trucks$-200\%$ declining balance; $5$ years, all acquired after $2020.$

Leasehold Improvements$-$Stralght line.

Land improvements$-$Straight line.

Depreciation is computed to the nearest month and residual values are immaterial. Transactions during $2024$ and other information:

a$.$ On January $6,2024,$ a plant facility consisting of land and building was acquired from King Corporation in exchange for $34,000$

shares of Cord's common stock. On this date. Cord's stock had a falr value of $$50$ a share. Current assessed values of land and

bullding for property tax purposes are $$210,000$ and $$630,000,$ respectively.

b$.$ On March $25,2024,$ new parking lots, streets, and sidewalks at the acquired plant facility were completed at a total cost of

$$246,000.$ These expenditures had an estimated useful life of $12$ years.

c$.$ The leasehold improvements were completed on December $31,2020,$ and had an estimated useful life of elght years. The related

lease, which would terminate on December $31,2026,$ was renewable for an additional four$-$year term. On April $30,2024,$ Cord

exercised the renewal option.

d$.$ On July $1,2024,$ equipment was purchased at a total Involce cost of $$334,000.$ Additional costs of $$10,000$ for dellivery and $$59,000$

for installation were incurred.

e$.$ On September $30,2024,$ Cord purchased a new automoblle for $$13,400.$

f$.$ On September $30,2024,$ a truck with a cost of $$24,900$ and a book value of $$10,800$ on date of sale was sold for $$12400.$

Depreclation for the nine months ended September $30,2024,$ was $$2,430.$

g$.$ On December $20,2024,$ equipment with a cost of $$21,500$ and a book value of $$3,200$ at date of disposition was scrapped without

cash recovery.

Required:

Prepare a schedule analyzing the changes in each of the plant asset accounts during $2024.$ Do not analyze changes in

accumulated depreclation and amortization.

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

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Required $1$

Prepare a schedule analyzing the changes in each of the plant asset accounts during $2024.$ Do not analyze changes in

accumulated depreciation and amortization.