At the beginning of 2014, the Rolls-Royce Group reported in its footnotes that its plant andequipment had an original cost of 63.882 million

and that accumulated depreciation was 40.700.Rolls-Royce depreciates its plant and equipment ona straight-line basis under the assumption that

the assets have an average useful life of 20 years (assume a 10 percent salvage value). Rolls-Roycestax rate equals 28.5%. What adjustments should be

made to Rolls-Royces (i) balance sheet at theend of 20014; and (ii) income statement for the year 2015, if you assume that the plant and

equipment has an average useful life of15 years (and a 10 percent salvage value)?