On 1 April 2019 the fixed asset balance sheet of JM Ltd comprised the following: Accumulated Net Book Value Original cost Depreciation Sh.'000' Sh.'000' Sh.'000' Freehold land and buildings 1.480 1,480 Plant and equipment 1,970 1,190 780 Motor Vehicles 940 392 548 Furniture and fittings 240 80 160 The straight-line rates of depreciation based on cost, used to that date were 10% p.a. for plant and machinery, 20% p.a. for motor vehicles and 12 % p.a. for furniture and fittings. It is the company's practice to make a full year's charge on new items in the year of purchase, but no depreciation is raised in the year of disposal. The following additional information is to be taken into account in the calculation of depreciation for the year ended 31 March 2019: i) ii) iii) iv) v) An item of machine bought in December 2013 for Shs. 120,000 is now recognised to have an additional useful life of 10 years. It has been decided to charge depreciation on the buildings at 4% p.a. The buildings comprise Shs.800,000 out of the total cost of Shs. 1,480,000 and were all completed in September 2012. A vehicle purchased in May 2011 for Shs.65,000 was traded in during the year at a value of Shs.42,000 in part exchange for new vehicle costing Shs. 120,000. Included with furniture and fittings is an item which originally cost Shs. 16,000 and which is already fully depreciated but is not expected to last for much longer. Included with the plant and machinery is equipment bought in June 2011 for Shs. 180,000. Due to rapid technological development and change, the machine has become obsolete and had to be replaced in May 2018, with another new machine at a cost of Sh.250,000. The Required: Using appropriate schedules, show the balances suitable for inclusion in the company's published accounts for the year to 31 March 2019 (10 marks)