Questions
Discuss the issues raised in the following hypothetical situations based on information learned in the textbook....

Discuss the issues raised in the following hypothetical situations based on information learned in the textbook. A real estate licensee must treat customers fairly. Customers are entitled to know material information about property that affects its value such as defects in the premises, title problems and boundary encroachments. Clients are entitled to all this information and the licensee's opinion regarding market value, assistance in marketing the home and negotiation strategy. Clients are entitled to loyalty, confidentiality and obedience as well as other duties previously discussed. Agents should not engage in fraud in discharging their duty to clients however. Customers are to be treated fairly but not equally.

     Aron has an appointment to show 83 acres of rural property he listed to a potential buyer. In discussing his appointment with another licensee in his office he learns that the property adjacent to the listed property had a test on their well water six months ago which showed the water unsafe to drink.

  1. Does Aron have to reveal the existence of the test to the buyer? Does he have to reveal it to the seller who listed it with him? How should he advise the seller?
    1. Aron knows the seller is selling the property to raise money to pay for medical expenses. Should he tell potential buyers about the seller's situation?
      1. Aron has the water tested on the listed property and places the written report in a file at his office without telling the seller the results. Can the seller be treated by law as having the information? Why or why not?
        1. Victor has been contacted by Max about listing a home. Max says "I need to get this house sold. The city is going to widen this street and when they do there will be a lot more traffic. I need to get it sold now." What should Victor's response be?
          1. Lindsey is a licensee showing property to a young couple and she says "This would be a great house for first time home buyers". If the couple buys the house and later become unhappy with their purchase explain whether Lindsey's statement is actionable.

          In: Accounting

          As a result of mitosis cell (during cell division) of the Cell cycle, the number of...

          As a result of mitosis cell (during cell division) of the Cell cycle, the number of chromosomes in the 2 new cells is a) used to eliminate mutations t, b) increased to 3 times the normal or diploid number, c) is reduced to 1/2 half of the diploid (normal) number representing one full set of chromosomes, d) is reduced to 1/2 the diploid number producing a random set of chromosomes, e) kept constant.

          The evolution of the three germ layers (ectoderm, mesoderm, and endoderm) in the evolution of complex, multicellular animals is associated with the annelids and the vertebrates, which are examples of: a) Protostomes and Deuterostomes. b) Just the Protostomes. c) Only the Deuterostomes, d) Cnideria, e) Porifera.

          In the course of evolution, the development of organs in the mesodermal space between the digestive endoderm and the ectoderm as the basis for homeostasis is associated with: a) Protostomes and Deuterostomes, b) Just the Protostomes such as the earthworm, c) Only the chordates like humans, d) Only the Deuterostomes such as the Vertebrates. e) The Porifera

          The ability to maintain internal conditions of an organism within a certain (defined) boundary range is possible because as organs form the mesoderm cells specialize to form a) the brain, b) mitochondria, c) muscles, d) capillaries near the new specialized cells, e) good luck.

          The secretory cells of the Thyroid gland (an example of a eukaryotic cells) produces a molecule termed Thyroxin, a hormone released into the circulation. You would expect that such cell products are secreted from the cell during which of the following stages of the Cell Cycle: a) Meiosis, b) Gap (G1) , c) Synthesis (S), d) Gap 2 (G2), e) mitosis.

          In the evolution of the vertebrates, the myocytes provide the stem cells for: a) smooth muscles that surround some of the capillaries to form arteries and veins ,b) specialized cells to produce the enzymes produced by the digestive system, c) Beta cells for the release of Insulin by the pancreas, d) the development of brain and spinal cord, e) All of these are true.

          In: Biology

          Given the below Java code snippet, assuming the code is correct, and the names are meaningful,...

          Given the below Java code snippet, assuming the code is correct, and the names are meaningful, select the best answer for the below questions:


          public static void main(String[] args) {

          int numStations = 10;

          int enter = 0;

          int exit = 0;

          Train train = new Train(numStations);

          for (int station = 0; station < numStations; station++)

          {

               enter = enter + train.enterPassengers(station);

               exit = exit + train.exitPassengers(station);

          }

          System.out.println("Number of passengers entered the train: " + enter);

          System.out.println("Number of passengers exited the train: " + exit);

          System.out.println("Number of passengers remaining on the train: " + (enter-exit));

          }

          The for-loop in the code is:

          Counting the number of stations in the train

          Is looping 9 times to determine enter and exit of the train

          Sums up the number of passengers entering and leaving the train

          Exercise #2

          Review the below Java method and assume the comments are correct.


          // determines if positive number is odd or even

          // returns true if even

          public Boolean isEven(int num)

          {

             if (num <= 0)

             {

                return false;

             }

            

             if (num%2 = 0)

                return true;

               

             return false;

          }

               

          Select the best answer what is wrong with the code:

          It is setting variable to uninitialized value

          It is using undeclared variable

          It is using single equal sign as equality

          Exercise #3

          Review the below Java method and assume the comments are correct.


          // Initialize array values to 0

          public void initialize()

          {

             int[] values = new int[10];

             for (int i = 1; i <= 10; i++)

                values[i] = 0;

          }

          Select the best answer what is wrong with the code:

          It is using an uninitialized array

          It is overstepping array boundary

          It is looping too many times

          None of the above

          Exercise #4

          Given the below Java code snippet, assuming the code is correct, and the names are meaningful, select the best answer for the below question:

          fax.setNumber("8761234567");

          fax.load(paper);

          String status = fax.run();

          System.out.println("The fax result status : " + status);

          The code snippet :

          Makes multiple paper copies

          Starts the fax machine and displays status

          Loads paper and sends a fax

          In: Computer Science

          Assume you are on an interview team to select a new president and CEO for your...

          Assume you are on an interview team to select a new president and CEO for your organization. During the course of the interviews, two of the candidates expressed the following behavior styles of leadership. Candidate A said: In turning troubled companies around, I would use this technique. I would first observe how people work and then reorganize. I would promote the top 10 percent and fire the bottom 10 percent. It’s amazing how much energy it gives to the remaining 80 percent. Persuasion alone won’t do the job. I would further pick role models on either end of the spectrum and do something with them. I believe this would promote a tighter team with a lot of deadwood and office politics gone. Actions speak louder than words! Candidate B said: I would push decision-making down into the middle ranks and create a corporate culture that questions the status quo, welcomes change, and encourages teamwork. Both men and women thrive in a boundary-less environment. To that end, I would want to have my employees determine how to spend the day or week. If they believe they need to take a supplementary course or spend a week at a customer site to improve their knowledge of a key subject, then I say let them do it. It’s understood that everyone is working toward our team’s common goal, and we all want to be successful. As each candidate spoke frankly about his or her style of leadership, several thoughts come to your mind. You wonder whether as a worker or manager here, under which type of management would you prefer to work? Why, you ask yourself, would you like that style over the other?

          Questions:

          1. Discuss the advantages of each style of leadership, as well as some possible disadvantages that could surface with each style.

          2. Given only these two candidates, which one would you choose to be president and CEO? Why?

          In: Operations Management

          Note: This problem is for the 2018 tax year. Logan B. Taylor is a widower whose...

          Note: This problem is for the 2018 tax year.

          Logan B. Taylor is a widower whose wife, Sara, died on June 6, 2016. He lives at 4680 Dogwood Lane, Springfield, MO 65801. He is employed as a paralegal by a local law firm. During 2018, he had the following receipts:

          Salary $ 80,000
          Interest income—
             Money market account at Omni Bank $300
             Savings account at Boone State Bank 1,100
             City of Springfield general purpose bonds 3,000 4,400
          Inheritance from Daniel 60,000
          Life insurance proceeds 200,000
          Amount from sale of St. Louis lot 80,000
          Proceeds from estate sale 9,000
          Federal income tax refund (for 2017 tax overpayment) 700

          Logan inherited securities worth $60,000 from his uncle, Daniel, who died in 2018. Logan also was the designated beneficiary of an insurance policy on Daniel's life with a maturity value of $200,000. The lot in St. Louis was purchased on May 2, 2013, for $85,000 and held as an investment. As the neighborhood has deteriorated, Logan decided to cut his losses and sold the lot on January 5, 2018, for $80,000. The estate sale consisted largely of items belonging to Sara and Daniel (e.g., camper, boat, furniture, and fishing and hunting equipment). Logan estimates that the property sold originally cost at least twice the $9,000 he received and has declined or stayed the same in value since Sara and Daniel died.

          Logan's expenditures for 2018 include the following:

          Medical expenses (including $10,500 for dental) $11,500
          Taxes—
             State of Missouri income tax (includes withholdings during 2018) $4,200
                 Property taxes on personal residence 4,500 8,700
          Interest on home mortgage (Boone State Bank) 5,600
          Contribution to church (paid pledges for 2018 and 2019) 4,800

          Logan and his dependents are covered by his employer's health insurance policy for all of 2018. However, he is subject to a deductible, and dental care is not included. The $10,500 dental charge was for Helen's implants. Helen is Logan's widowed mother, who lives with him (see below). Logan normally pledges $2,400 ($200 per month) each year to his church. On December 5, 2018, upon the advice of his pastor, he prepaid his pledge for 2019.

          Logan's household, all of whom he supports, includes the following:

          Social Security Number Birth Date
          Logan Taylor (age 48) 123-45-6787 08/30/1970
          Helen Taylor (age 70) 123-45-6780 01/13/1948
          Asher Taylor (age 23) 123-45-6783 07/18/1995
          Mia Taylor (age 22) 123-45-6784 02/16/1996

          Helen receives a modest Social Security benefit. Asher, a son, is a full-time student in dental school and earns $4,500 as a part-time dental assistant. Mia, a daughter, does not work and is engaged to be married.

          Federal income tax of $4,500 was withheld from Logan's wages.

          Required:
          Determine the Federal income tax for 2018 for Logan by providing the following information that be reported on Form 1040, Schedule A Schedule D, and Form 8849. Complete the tax advice letter.

          Make realistic assumptions about any missing data.

          If Logan has any overpayment on his income tax, he wants the refund sent to him.

          Assume that the proper amounts of Social Security and Medicare taxes were withheld.

          Enter all amounts as positive numbers.

          If an amount box does not require an entry or the answer is zero, enter "0".

          When computing the tax liability, do not round your immediate calculations. If required round your final answers to the nearest dollar.

          2. Calculate taxable gross income.
          $

          3. Calculate the total adjustments for AGI.
          $

          4. Calculate adjusted gross income.
          $

          5. Calculate the greater of the standard deduction or itemized deductions.
          $

          6. Calculate total taxable income.
          $

          7. Calculate the income tax liability.
          $

          8. Calculate the total tax credits available.
          $

          9. Calculate total withholding and tax payments.
          $

          10. Calculate the amount overpaid (refund):
          $

          11. Calculate the amount of taxes owed:
          $

          In: Accounting

          CLINICAL SCENARIO NURSING HEALTH HISTORY A. Patient’s Profile Name: JFK Birthday: August 23, 1982 Age: 38...

          CLINICAL SCENARIO

          NURSING HEALTH HISTORY

          A. Patient’s Profile

          Name: JFK

          Birthday: August 23, 1982

          Age: 38 years old

          Sex: Male

          Nationality:Filipino

          Religion:Roman Catholic

          Marital Status:Married

          Address: Pampanga

          Date of Admission: September 02, 2020

          Time of Admission: 2:30PM

          Chief Complaint: productive cough with fever with slight difficulty of breathing

          Final Diagnosis: Moderate Risk Community Acquired Pneumonia (CAP III)

          History of Present Illness :

          Patient came to the hospital complaining of productive cough, fever and slight difficulty of breathing. Client is having persistent productive cough with greenish phlegm and has had fever with 39.3 celcius for temperature when admitted. The client is ambulatory, coherent and v/s results showed an elevated RR of 37 cpm, pulse rate of 104. On DAT was prescribed, has a standing order of TSB for fever. WBC count is within range, CXR results showing consolidation and sputum culture and sensitivity shows S. pneumoniae with a medical diagnosis of CAP III.

          Past Medical History :

          Cough and fever has been noted to have onset 4 days prior to admission. Client has history of pneumonia and was admitted to the hospital when he was in high school. Client has suffered asthmatic attack when he was 3 years old and was admitted to the hospital and was given Ventolin for treatment but has no record of any onset after that.Immunizations were completed when he was one year old.Latest medicines prescribed are Cefuroxime, Albuterol, Montelukast, and Naproxen. The patient never undergone any type of surgery. He has no known allergy to food and medication.Family History(+) Hypertension-father(+) Diabetes Mellitus-father(-) Cancer(+) PTB-mother

          Personal and Social History : Patient is a tricycle driver and a very joker person, he mingles with his co-tricycle drivers, friends, and neighbors. Patient is non-smoker, non-drinker and no history of taking illicit drugs. He prefers to eat rice, fish and vegetables, but sometimes eat in a sari-sari store. He enjoys talking to commuters and taking care of his children when his day-off, his leisure time is watching TV with his family. If the patient has free time from driving, he likes going to mall with hisfamily every Sunday after church. He is a sweet and loving husband to his wife and children.

          Admission Order Medication: Cefuroxime (Zinacef) 750 mg every 8 hours TIV Levofloxacin (Levox) 500 mg 1 tab OD PO Paracematol1 amp TIV for temp of equal or greater than 38.6 and paracetamol 500mg tab PO for temp of 38.5 below Berodual nebulization (10gtts in 3 ml NSS) every 6 hour

          Therapeutics: IVF PNSS 1L to run for 8 hours at 31-21 gtts per min at left arm

          Bedside O2 of 3L/min via nasal cannula

          Nebulization followed by CPT

          Bedside Care: Vital signs every shift and watch out for any signs of dyspnea progression, bed rest, I and O monitoring, suction secretions when necessary, provide comfort, morning care done, side rails up for safety, assess every now and then and relayed any abnormal symptoms and complications

          COURSE TASKS:

          1. Make an Anatomy and Physiology of Community Acquired Pneumonia III.

          2.Conceptualize the pathophysiological alterations distinct to the case.

          ✓Establish the pathophysiological triad of Host –Agent –Environment specific to the case.

          ✓Trace the pathophysiological changes and highlight problems that are experienced by the client.

          ✓Connect the pertinent nursing care and medical –surgical management to the various signs and symptoms presented by the client.

          In: Nursing

          CLINICAL SCENARIO NURSING HEALTH HISTORY A. Patient’s Profile Name: JFK Birthday: August 23, 1982 Age: 38...

          CLINICAL SCENARIO

          NURSING HEALTH HISTORY

          A. Patient’s Profile

          Name: JFK

          Birthday: August 23, 1982

          Age: 38 years old

          Sex: Male

          Nationality:Filipino

          Religion:Roman Catholic

          Marital Status:Married

          Address: Pampanga

          Date of Admission: September 02, 2020

          Time of Admission: 2:30PM

          Chief Complaint: productive cough with fever with slight difficulty of breathing

          Final Diagnosis: Moderate Risk Community Acquired Pneumonia (CAP III)

          History of Present Illness :

          Patient came to the hospital complaining of productive cough, fever and slight difficulty of breathing. Client is having persistent productive cough with greenish phlegm and has had fever with 39.3 celcius for temperature when admitted. The client is ambulatory, coherent and v/s results showed an elevated RR of 37 cpm, pulse rate of 104. On DAT was prescribed, has a standing order of TSB for fever. WBC count is within range, CXR results showing consolidation and sputum culture and sensitivity shows S. pneumoniae with a medical diagnosis of CAP III.

          Past Medical History :

          Cough and fever has been noted to have onset 4 days prior to admission. Client has history of pneumonia and was admitted to the hospital when he was in high school. Client has suffered asthmatic attack when he was 3 years old and was admitted to the hospital and was given Ventolin for treatment but has no record of any onset after that.Immunizations were completed when he was one year old.Latest medicines prescribed are Cefuroxime, Albuterol, Montelukast, and Naproxen. The patient never undergone any type of surgery. He has no known allergy to food and medication.Family History(+) Hypertension-father(+) Diabetes Mellitus-father(-) Cancer(+) PTB-mother

          Personal and Social History : Patient is a tricycle driver and a very joker person, he mingles with his co-tricycle drivers, friends, and neighbors. Patient is non-smoker, non-drinker and no history of taking illicit drugs. He prefers to eat rice, fish and vegetables, but sometimes eat in a sari-sari store. He enjoys talking to commuters and taking care of his children when his day-off, his leisure time is watching TV with his family. If the patient has free time from driving, he likes going to mall with hisfamily every Sunday after church. He is a sweet and loving husband to his wife and children.

          Admission Order Medication: Cefuroxime (Zinacef) 750 mg every 8 hours TIV Levofloxacin (Levox) 500 mg 1 tab OD PO Paracematol1 amp TIV for temp of equal or greater than 38.6 and paracetamol 500mg tab PO for temp of 38.5 below Berodual nebulization (10gtts in 3 ml NSS) every 6 hour

          Therapeutics: IVF PNSS 1L to run for 8 hours at 31-21 gtts per min at left arm

          Bedside O2 of 3L/min via nasal cannula

          Nebulization followed by CPT

          Bedside Care: Vital signs every shift and watch out for any signs of dyspnea progression, bed rest, I and O monitoring, suction secretions when necessary, provide comfort, morning care done, side rails up for safety, assess every now and then and relayed any abnormal symptoms and complications

          COURSE TASKS:

          1. Make an Anatomy and Physiology of Community Acquired Pneumonia III.

          2.Conceptualize the pathophysiological alterations distinct to the case.

          ✓Establish the pathophysiological triad of Host –Agent –Environment specific to the case.

          ✓Trace the pathophysiological changes and highlight problems that are experienced by the client.

          ✓Connect the pertinent nursing care and medical –surgical management to the various signs and symptoms presented by the client.

          In: Nursing

          READ THE ETHICAL DILEMMA BELOW “Shell Is First Energy Company to Link Executive Pay and Carbon...

          READ THE ETHICAL DILEMMA BELOW

          “Shell Is First Energy Company to Link Executive Pay and Carbon Emissions” (Source: Business Law Newsletter, January 2, 2019)

          According to the article, Royal Dutch Shell is giving its executives a powerful new reason to care about the environment.

          The Anglo-Dutch energy firm said recently that it will establish short-term carbon emissions targets starting in 2020 after coming under pressure from investors. In an industry first, it plans to link executive pay to hitting the targets.

          Major shareholders including the Church of England and Robeco have demanded that Shell do more to tackle emissions. They say its earlier goal of cutting carbon emissions by half by 2050 did not go far enough.

          Shell said in a statement that it would set carbon reduction goals that cover periods of three to five years. The targets will be set on an annual basis and run to 2050.

          The oil company did not set out specific carbon benchmarks. And it said that shareholders would not vote on changes to executive remuneration until 2020.

          Climate Action 100+, a group of 310 investors with over $32 trillion in assets under management, said in a joint statement with Shell that it strongly supported the company in taking “these important steps.”

          Shell made the announcement as the United Nations’ annual talks on climate change got underway in Poland.

          Shell said it would be the first major energy company to link executive compensation and carbon goals. Crucially, it’s committing to cut emissions generated by both its activities and the products it sells.

          “That Shell has now embedded its ambition in its remuneration policy offers confidence that Shell is really committed to it,” said Corien Wortmann, chair of the pension fund ABP.

          Moves by major corporations to reduce carbon emissions should help governments meet targets established under the Paris Climate Agreement, which seeks to keep rises in global temperatures below 2 degrees Celsius.

          The UN Intergovernmental Panel on Climate Change warned in October that the planet will reach the crucial threshold of 1.5 degrees Celsius by as early as 2030, precipitating the risk of extreme drought, wildfires, floods and food shortages for hundreds of millions of people. It said companies and governments must act faster.

          Emma Howard Boyd, chair of the UK Environment Agency, praised Shell on Monday for moving to set short-term targets.

          “We hope that this unique joint statement between institutional investors and an oil and gas major, will inspire other leaders to take bold action,” she said in a statement. “We would encourage the rest of the sector to follow Shell’s lead.”

          Shell announced in 2016 that it would link greenhouse gas emissions to executive compensation.
          It isn’t the only Big Oil company to come under pressure from investors over the environment. Last year, US-based ExxonMobil agreed to reveal the risks it faces from climate change and the global crackdown on carbon emissions.

          Respond to the following questions:

          2. Comment on Royal Dutch Shell’s plan to link executive pay to the achievement of carbon emissions targets.

          3. In your reasoned opinion, which is the most preferable option in terms of carbon emissions:

          a) the government mandating that energy companies like Royal Dutch Shell comply with heightened carbon emissions targets established by the government;
          b) energy companies like Royal Dutch Shell establishing their own heightened carbon emissions targets and methods to ensure reaching such targets; or
          c) doing nothing other than complying with existing regulatory standards established by individual countries ?
          Explain your responses.

          In: Finance

          Aztec Builders allocates manufacturing overhead to jobs based on machine hours. The company has the following...

          1. Aztec Builders allocates manufacturing overhead to jobs based on machine hours. The company has the following estimated costs for the upcoming year:

          Direct materials used

          $25,000

          Direct labour costs

          $62,000

          Salary of factory supervisor

          $50,000

          Advertising expense

          $33,000

          Heating and lighting costs for factory

          $21,000

          Depreciation on factory equipment

          $41,000

          Sales commissions

          $8,000

          The firm estimates that 1,800 direct labour hours will be worked in the upcoming year, while 2,000 machine hours will be used during the year. The predetermined indirect allocation rate per machine hour is closest to

          1. $56.
          2. $36.
          3. $100.
          4. $15.
          5. $40.
          1. Blockbuster Entertainment manufactures digital video equipment. For each unit $1725 of direct material is used and there is $1,500 of direct manufacturing labour at $30 per hour. Manufacturing overhead is applied at $35 per direct manufacturing labour hour. Calculate the cost of each unit.
            1. $4,975
            2. $4,025
            3. $1,750
            4. $3,150
            5. $4,725
          1. In an activity-cost pool
            1. a measure of the activity performed serves as the cost allocation base.
            2. the costs have a cause-and-effect relationship with the cost-allocation base for that activity.
            3. the cost pools are homogeneous over time.
            4. costs in a cost pool can always be traced directly to products.
            5. each pool pertains to a narrow and focused set of costs.

          Answer the following question(s) using the information below.

          Peter’s Printers has contracts to complete weekly supplements required by forty-six customers. For the year 2019, manufacturing overhead cost estimates total $400,000 for an annual production capacity of 16 million pages.

          For 2019, Peter’s Printers has decided to evaluate the use of additional cost pools. After analyzing manufacturing overhead costs, it was determined that number of design changes, setups, and inspections are the primary manufacturing overhead cost drivers. The following information was gathered during the analysis:

          Cost pool

          Manufacturing overhead costs

          Activity level

          Design changes

          $60,000

          400 design changes

          Setups

          300,000

          5,000 setups

          Inspections

              40,000

          8,000 inspections

             Total manufacturing overhead costs

          $400,000

          During 2019, two customers, World Makers and Happy Studios, are expected to use the following printing services:

          Activity

          World Makers

          Happy Studios

          Pages

          60,000

          76,000

          Design changes

          10

          0

          Setups

          20

          10

          Inspections

          30

          38

          1. What is the cost driver rate if manufacturing overhead costs are considered one large cost pool and are assigned based on 16 million pages of production capacity?
            1. $0.05 per page
            2. $0.035 per page
            3. $0.35 per page
            4. $0.025 per page
            5. $0.045 per page

          1. Using pages printed as the only overhead cost driver, what is the manufacturing overhead cost estimate for World Makers during 2019?
            1. $2,500
            2. $21,000
            3. $1,500
            4. $2,700
            5. $2,100

          1. Assuming activity-cost pools are used, what are the activity-cost driver rates for design changes, setups, and inspections cost pools?
            1. $200 per change, $64 per setup, $5 per inspection
            2. $180 per change, $76 per setup, $4 per inspection
            3. $150 per change, $64 per setup, $5 per inspection
            4. $150 per change, $60 per setup, $5 per inspection
            5. $200 per change, $5 per setup, $64 per inspection

          In: Accounting

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

          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:

          1. 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.
          2. 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.
          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 $317,000. Additional costs of $10,000 for delivery and $42,000 for installation were incurred.
          5. On September 30, 2021, Cord purchased a new automobile for $11,700.
          6. 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.
          7. 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

          In: Accounting