A company depreciates its plant at the rate of 25 per cent per annum, straight line method, for each month of ownership. From the following details draw up the Plant account and the Accumulated Depreciation account for each of the years 20X4, 20X5, 20X6 and 20X7.

20X4 Bought plant costing 2,600 on 1 January.

Bought plant costing 2,100 on 1 October.

20X6 Bought plant costing 2,800 on 1 September.

20X7 Sold plant which had been bought for 2,600 on 1 January 20X4 for the sum of 810 on 31 August 20X7.

You are also required to draw up the plant disposal account and the extracts from the balance sheet as at the end of each year.