Listed below are particulars of non-current assets held on 1 January 2010 by a business owned by Rebecca Brown; another machine was acquired for £60,000 on 1 April 2010.

Required: 

Identify the amount expensed as depreciation on each class of asset in the year ended 31 December 2010 and the amounts at which each class of non-current asset will be reported on the Statement of financial position as at 31 December 2010.

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Asset Land Building Machinery Equipment Date acquired 1.1.2004 1.1.2004 1.7.2008 1.1.2009 Cost £75,000 £300,000 £120,000 £30,000 Rate and method of depreciation No depreciation 2% per annum on straight-line method 10% per annum on reducing balance method Sum of the years' digits method; four-year life