Demolition plc purchases a machine for 15,000 on 1 January 2020 . After incurring transportation costs of 1,300 and spending 2,500 on installing the machine it breaks down and costs 600 to repair. Depreciation is charged at 10% per annum straight-line. At what carrying amount (Net Book Value) will the machine be shown in Demolition plc's statement of financial position at 31 December 2020 ? 18,800 13,500 14,670 16,920 Which statement is correct for the statement of financial position to balance? Net assets = Capital + profit + drawings Net assets = Capital + profit drawings Assets = Capital Non-current assets + Current assets = Liabilities