Rebecca Odin has the following details of her fixed assets.

She charges depreciation at 2 % per annum on cost for buildings, 10 % per annum on cost for machinery, 25 % per annum on cost for the motor car and 15 % per annum on cost for the computer.
Required: Prepare the appropriate extracts for

(a) the balance sheet as at 31 December 2004.

(b) the trading and loss account for year ended 31 December 2005 and for the balance sheet as at 31 December 2005.

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Cost Accumulated depreciation as at 31 December 2004 Buildings 102,000 8,000 Machinery 65,000 6,500 Motor car Computer 8,000 4,000 9,000 2,700