Agnes Trotter started in business on 1 March 20*6. She purchased office machinery costing 12,000 on that

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Agnes Trotter started in business on 1 March 20*6. She purchased office machinery costing £12,000 on that day. She expects the machinery to last 10 years, by which time she expects it will have a scrap value of £100. Agnes will depreciate her office equipment using the straight line method.


Required

a) Prepare the office equipment account.
b) Prepare the provision for depreciation of office equipment account for the years ended 28 February 20*7 and 29 February 20*8.

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