9. Sanex plc, a pharmaceutical concern, had the following balances on its books as at 1 April 2017 regarding non-current assets. The respective depreciation methods are also indicated. Non-current asset Depreciation method Original cost/valuation C 240,000 80,000 Depreciation allowance 56,000 28,000 Land and buildings Furniture and fittings Motor vehicles Loose tools 5% straight line Written off over 10 years in equal instalments 40% reducing balance Revaluation method 32,000 98,000 32,000 Land and buildings included 80,000 for the cost of land. . During the year ended 31 March 2018, the following acquisitions and disposals of non- current assets were made: Furniture bought in February 2011 for 17,800 was scrapped; New furniture costing 24,000 was acquired in February 2018; A motor vehicle purchased on 15 September 2014 for 15,000 was part exchanged for a new one costing 18,000. The trade in value of the old vehicle was 3,800; Loose tools costing 6,500 were purchased in January 2018. . . Other information: a) A piece of furniture of original cost of 12,500 has been in use for more than ten years. b) It was decided that the remaining furniture, including that purchased during the current year, was to be written off over the next five years. c) On 31 March 2018, the loose tools were valued at 34,200. d) On 31 March 2018, an architect appointed by Sanex plc valued the company's land and buildings at 350,000. The Board of Directors of Sanex plc decided to reflect this valuation in the company's Statement of Financial Position. e) Sanex plc provides a full year's depreciation in the year of acquisition, and none in the year of disposal. Required: A. Prepare the following accounts of Sanex plc for the year ended 31 March 2018: i) The Land and buildings, the Motor vehicles, the Furniture and fittings, and the Loose tools accounts; (8) ii) The Depreciation Allowance, Disposals and Revaluation accounts. (14) B. Explain your treatment of point (b) given in the question as part of other information'. (4)