The Trial Balance as at 31 March 2011 reports the Machinery account balance as £424,000 and the balance in Accumulated depreciation (up to 31 March 2010) as £214,800. The balance in the Machine account includes a machine acquired for £105,000 on 1 August 2010, £15,000 for installing the machine as well as £24,000 paid for a threeyear guarantee. The machine is depreciated using the straight-line method and assuming a useful life of ten years. What is the carrying value (i.e. cost less accumulated depreciation to date) of machinery as at 1 April 2010 and as at 31 March 2011?

Transcribed Image Text:

As at 1.4.2010 a £89,200 b £65,200 c£65,200 d £89,200 As at 31.3.2011 £146,800 £173,200 £149,200 £149,200