27.18 Alice Burke prepares her financial statements on 31 December each year and maintains a Plant and Equipment register at cost. She provides depreciation for the full year on fixed assets which are in use at the end of the year, and none in the year of disposal At 31 December 20X3 the plant account balance was 180,000 and the balance on the accumu- lated provision for depreciation account was 70,000. Depreciation is provided on the reducing balance method at 20% Early in 20x6, an item of plant which had cost 20,000 on 1 March 20X4 was sold for 14,000 At the end of 20X6, it was decided that for that and all succeeding years the straight line method of calculating depreciation should be used. It was assumed that all the plant would be sold at the end of 20X9 for approximately 30,000 Required Prepare the ledger accounts recording all of the above