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 $ 167,000 $ —
Buildings 1,100,000 320,900
Equipment 725,000 309,500
Automobiles and trucks 164,000 92,325
Leasehold improvements 200,000 100,000
Land improvements — —
Depreciation methods and useful lives:
Buildings—150% declining balance; 25 years.
Equipment—Straight line; 10 years.
Automobiles and trucks—200% declining balance; 5 years, all acquired after 2017.
Leasehold improvements—Straight line.
Land improvements—Straight line.

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

On January 6, 2021, a plant facility consisting of land and building was acquired from King Corp. in exchange for 17,000 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 $167,500 and $502,500, respectively.
On March 25, 2021, new parking lots, streets, and sidewalks at the acquired plant facility were completed at a total cost of $144,000. These expenditures had an estimated useful life of 12 years.
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.
On July 1, 2021, equipment was purchased at a total invoice cost of $317,000. Additional costs of $10,000 for delivery and $42,000 for installation were incurred.
On September 30, 2021, Cord purchased a new automobile for $11,700.
On September 30, 2021, a truck with a cost of $23,200 and a book value of $7,600 on date of sale was sold for $10,700. Depreciation for the nine months ended September 30, 2021, was $1,710.
On December 20, 2021, equipment with a cost of $13,000 and a book value of $2,775 at date of disposition was scrapped without cash recovery.
Required:

1. Figure 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, figure a schedule showing depreciation or amortization expense for the year ended December 31, 2021.

Required 1
Required 2
Figure a schedule analyzing the changes in each of the plant asset accounts during 2021. Do not analyze changes in 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 $167,000
Land improvements 0
Buildings 1,100,000
Equipment 725,000
Automobiles and trucks 164,000
Leasehold improvements 200,000
$2,356,000 $0 $0 $0
For each asset category, prepare a schedule showing depreciation or amortization expense for the year ended December 31, 2021. (Do not round intermediate calculations. Round your final answers to nearest whole dollar.)

CORD COMPANY
Depreciation and Amortization Expense
For the Year Ending December 31, 2021
Land Improvements
Buildings
Equipment
Automobiles and trucks
Leasehold improvements
Total depreciation and amortization expense for 2021 $0