An extract of the year-end Trial Balance is shown. A new machine had been acquired for £180,000 on 1 September 2010. Machinery is depreciated at 25% on the reducing balance method with proportionate depreciation in the year of acquisition. The financial statements for the year ended 30 June 2011 will report:

Transcribed Image Text:

Trial Balance as at 30 June 2011 Machinery at cost Accumulated depreciation to 30.6.2010 Depreciation a £112,750 b £116,500 c £157,750 d £161,500 £'000 £'000 920 424 Written-down value £383,250 £379,500 £338,250 £514,500