Pusher commenced business on 1 January 20X7 with two lorries - A and B. A cost 1,000 and B cost 1,600. On 3 March 20X8, A was written off in an accident and Pusher received 750 from the insurance company. This vehicle was replaced on 10 March 20X8 by C which cost 2,000.

A full year's depreciation is charged in the year of acquisition and no depreciation is charged in the year of disposal.

a-1.The vehicles are depreciated at 20 per cent on the straight-line method. You are required to show the appropriate extracts from Pusher's statement of financial position and statement of profit and loss for the three years to 31/12/X7, 31/12/X8 and 31/12/X9.