Alice Burke prepares her financial statements on 31 December each year and maintains a Plant and Equipment register at cost. She provides depreciation for the full year on non-current assets which are in use at the end of the year, and none in the year of disposal.

At 31 December 2013 the plant account balance was £180,000 and the balance on the accumulated provision for depreciation account was £70,000. Depreciation was provided on the reducing balance method at 20 per cent.

Early in 2016, an item of plant which had cost £20,000 on 1 March 2014 was sold for £14,000.

At the end of 2016, it was decided that for that and all succeeding years the straight line method of calculating depreciation should be used. It was assumed that all the plant would be sold at the end of 2019 for approximately £30,000.

Required:
Prepare the ledger accounts recording all of the above. You are not required to prepare the profit and loss account.