The plant asset and accumulated depreciation accounts of Jackson Corporation had the following balances at December 31, 2015:

The plant asset and accumulated depreciation accounts of Jackson Corporation had the following balances at December 31, 2015:
Plant Asset Accumulated Depreciation
Land $ 375,000 $ 0
Land improvements 187,500 50,000
Building 1,550,000 375,000
Jackson CorporationDepreciation ExpenseFor the year Ended December 31, 2016Land Improvements:Building:Machinery and Equipment:Automobiles:Total depreciation expense for 2016: Explanation1…