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1. Prepare a schedule analyzing the changes in each of the plant asset accounts during...

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Accounting

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

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