$\backslash$table$[[,,$Accumulated Depreciation$],[$Category$,$Plant Asset,and Amortization$],[$Land$,$$$185,000,$$

At December $31,2023,$ cords companies plant asset and accumulated appreciation and amortization accounts had the following balances$($the picture follows$)$

required $1$ chart has columns in order left to right of balance $12/31/23/$ increase$/$ decrease$/$ balance $12/31/24$

And rows in order up to down of land$/$ land impro

$-$

for installation were incurred.

e$.$ On September $30,2024,$ Cord purchased a new automobile for $$13,500.$

f$.$ On September $30,2024,$ a truck with a cost of $$25,000$ and a book value of $$11,000$ on date of sale was sold for $$12,500.$ Depreciation for the nine monthis ended September $30,2024,$ was $$2,475.$

g$.$ On December $20,2024,$ equipment with a cost of $$22,000$ and a book value of $$3,225$ 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 depreciation and amortization.

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

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

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

$\backslash$table$[[$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$,$$ $185,000,,,],[$Land improvements,$0,,,],[$Buildings$,2,000,000,,,],[$Equipment$,1,625,000,,,],[$Automobiles and trucks,$182,000,,,],[$Leasehold improvements,$236,000,,,],[,$$ $4,228,000,,,]]$