Q13. The plant and machinery cost account of a company is shown below. The company's policy is to charge depreciation at 20% on the straight line basis, with proportionate depreciation in years of acquisition and disposal. PLANT AND MACHINERY - COST What should be the depreciation charge for the year ended 31 December 205 ? ABCD$67,000$70,000$64,200$68,600 (2 marks) Q14. At 1 January 205 a company had an allowance for receivables of $18,000 At 31 December 205 the company's trade receivables were $458,000. It was decided: (a) To write off debts totalling $28,000 as irrecoverable (b) To adjust the allowance for receivables to the equivalent of 5% of the remaining receivables What figure should appear in the company's statement of profit or loss for the total of debts written off as irrecoverable and the movement in the allowance for receivables for the year ended 31 December 205 ? ABCD$49,500$31,500$32,900$50,900 (2 marks)