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At December 31, 2020, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows:

Category	Plant Asset				Accumulated Depreciation and Amortization
Land	$	184,000			$
Buildings		1,950,000				337,900
Equipment		1,575,000				326,500
Automobiles and trucks		181,000				109,325
Leasehold improvements		234,000				117,000
Land improvements

Depreciation methods and useful lives: Buildings150% declining balance; 25 years. EquipmentStraight line; 10 years. Automobiles and trucks200% declining balance; 5 years, all acquired after 2017. Leasehold improvementsStraight line. Land improvementsStraight line.

Depreciation is computed to the nearest month and residual values are immaterial. Transactions during 2021 and other information:

1. On January 6, 2021, a plant facility consisting of land and building was acquired from King Corp. in exchange for 34,000 shares of Cord's common stock. On this date, Cord's stock had a fair value of $50 a share. Current assessed values of land and building for property tax purposes are $210,000 and $630,000, respectively.
2. On March 25, 2021, 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.
3. The leasehold improvements were completed on December 31, 2017, and had an estimated useful life of eight years. The related lease, which would terminate on December 31, 2023, was renewable for an additional four-year term. On April 30, 2021, Cord exercised the renewal option.
4. On July 1, 2021, equipment was purchased at a total invoice cost of $334,000. Additional costs of $10,000 for delivery and $59,000 for installation were incurred.
5. On September 30, 2021, Cord purchased a new automobile for $13,400.
6. On September 30, 2021, a truck with a cost of $24,900 and a book value of $10,800 on date of sale was sold for $12,400. Depreciation for the nine months ended September 30, 2021, was $2,430.
7. On December 20, 2021, equipment with a cost of $21,500 and a book value of $3,200 at date of disposition was scrapped without cash recovery.

Required:

1. Prepare a schedule analyzing the changes in each of the plant asset accounts during 2021. Do not analyze changes in accumulated depreciation and amortization. 2. For each asset category, prepare a schedule showing depreciation or amortization expense for the year ended December 31, 2021.

Required 1 Required 2 Prepare a schedule analyzing the changes in each of the plant asset accounts during 2021. Do not analyz accumulated depreciation and amortization. CORD COMPANY Analysis of Changes in Plant Assets For the Year Ending December 31, 2021 Balance Balance 12/31/2020 Increase Decrease 12/31/2021 Land $ 184,000 $ 0 $ 0 0 0 0 1,950,000 Land improvements Buildings Equipment Automobiles and trucks Leasehold improvements 1,575,000 181,000 234,000 4,124,000 $ $ O $ 0 $ 0 Required 1 Required 2 >

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