A Mayberry Ltd, a company with a turnover of £30,000 per year, acquired a machine on 1 January 20X0 for £8,000. It was company policy to depreciate machinery on a straight-line basis at 20 per cent per year. During 20X0, a modification was made to the machine to improve its technical reliability at a cost of £800 which it was considered would extend the useful life of the machine by two years. At the same time, an important component of the machine was replaced at a cost of £500, because of excessive wear and tear. Routine maintenance during the year cost £250.

Required:

Show the asset account, the provision for depreciation account, and the charge to profit and loss account in respect of the machine for the year ended 31 December 20X0.