A company starts in business on 1 January 2015. You are to write up the lorries account and the provision for depreciation account for the year ended 31 December 2015 from the information given below. Depreciation is at the rate of 20 per cent per annum, using the basis that one complete month's ownership needs one month's depreciation.

2015 Bought one lorry for £62,000 on 1 January Bought two lorries for £74,250 each on 1 September