Clinton plc depreciates machinery at 30% per annum, on the reducing balance method, time apportioning for the nearest months of usage. As at 31.12.2010 machinery costing £720,000 was reported on the balance sheet at £485,600. A machine acquired for £120,000 on 1 July 2009 was sold on 30 September 2011 for £54,000. With regard to machinery, identify the items that would appear on their Statement of income for the year ended 31 December 2011.

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Depreciation a £140,325 b £176,325 c £125,745 d £140,325 Disposal gain/loss £1,335 loss £17,400 loss £1,335 loss £17,400 loss