Touchstone pic’s profit and loss accounts for the years ended 31 December 19X8 and 19X9 and the balance sheets as at 31 December 19X8 and 19X9 are as follows:

Included in ‘cost of sales’, ‘distribution costs’ and ‘administration expenses’, depreciation was included as follows:

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Profit and loss account 19X8 19X9 m m Turnover Cost of sales 207 153 101 76 Gross profit Distribution costs Administrative expenses Other operating income Interest receivable and similar income (22) (26) 58 4 62 2 64 106 (20) (28) &