The Trial Balance as at 31 December 2011 reports the Machinery account balance as £340,000 and the balance in Accumulated depreciation (up to 31 December 2010) as £144,800. The balance in the Machine account includes a machine acquired for £96,000 on 1 April 2011. A machine acquired for £40,000 on 1 May 2004 had been sold for £18,000 on 30 October 2011. None of the entries necessary to account for the machine disposal have been made. Machinery is depreciated using the straight-line method and assuming a useful life of ten years and residual value estimated at 10% of cost. What is the carrying value of machinery as at 1 January 2011 and as at 31 December 2011?

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As at 1.1.2011 a £99,200 b £99,200 C £81,200 d £81,200 As at 31.12.2011 £163,720 £151,360 £151,400 £144,100