Question 2 A company starts in business on 1 January 20X3, the financial year end being 31 December. The machinery bought was: Depreciation is over ten years, using the straight line method, machines being depreciated for the proportion of the year that they are owned. (a) The machinery account. (5 marks) (b) The provision for depreciation account. (15 marks) (c) The balance sheet extracts for each of the years 20X3,20X4,20X5,20X6. (10 marks)