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ecember 2021. 21.27A A company maintains its non-current assets at cost. Accumulated provision for deprecia- tion accounts are kept for each class of asset.

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ecember 2021. 21.27A A company maintains its non-current assets at cost. Accumulated provision for deprecia- tion accounts are kept for each class of asset. At 31 December 2018 the position was as follows: Machinery Office furniture E Total cost to date Total depreciation to date 52,950 2,860 25,670 1,490 The following transactions were made in the year ended 31 December 2019: (a) Purchased - machinery 2,480 and office furniture 320 (b) Sold machinery which had cost 2,800 in 2015 for 800 Depreciation is charged, on a straight line basis, at 10 per cent on machinery and at 5 per cent on office furniture on the basis of assets in use at the end of the year irrespective of the date of purchase. Required: Show the asset and accumulated provision for depreciation accounts for the year to 31 December 2019 and the relevant balance sheet extracts at that date.

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