Question Six Trial balance extracts at 30 September, 2009 GHS'000 Leasehold property at valuation on 30 September 2008 50,000 Plant and equipment at cost Plant 76,600 Accumulated depreciation at 30 September, 2008 24,600 Non-current assets - tangible: The leasehold property had a remaining life of 20 years at 1 October 2008. The company's policy is to revalue its property at each year end and at 30 September 2009 it was valued at $43 million. On 1 October 2008 an item of plant was disposed of for GHS2.5 million cash. The proceeds have been treated as sales revenue by the company. The plant is still included in the above trial balance figures at its cost of GHS8 million and accumulated depreciation of GHS4 million (to the date of disposal). All plant is depreciated at 20% per annum using the reducing balance method. Depreciation and amortisation of all non-current assets is charged to cost of sales.