Machinery, acquired for £400,000, is reported on the Statement of financial position on 31 December 2011 at £218,500 and this includes one acquired for £60,000 on 1 April 2011. Another machine acquired for £90,000 on 1 January 2005 had been sold for £72,000 on 30 April 2011. Depreciation, calculated using the straight-line method and assuming ten years’ useful life, is time apportioned. Identify the balances as at 1 January 2011 in the Machine account and Accumulated depreciation a/c.

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Accumulated Machinery a/c depreciation a/c £197,000 £197,000 £188,000 £184,500 a £412,000 b £430,000 c£490,000 d £430,000