Depreciation and disposal of assets

5. A printing business is thinking of updating their equipment. They are current valued in the balance sheet on the 31/12/14 as follow at cost of £486,000, with a provision for depreciation of £222,000 During the year they buy 2 new printing machines 1st May 2015 Machine 1 costing £225,000 1st September 2015 Machine 2 – costs £125,000 They are to replace A photocopier which originally cost £40,000 and had a provision for depreciation of £37,000 which was sold for £5000 An old printing machine – which cost £95,000 had a provision for depreciation of £85, 000 and was sold for scrap at £1,000 The company operates a depreciation policy of 20% reducing balance method and depreciate all assets in the first year of purchase and non in the year of sale. Prepare the following accounts for the year ending 31/12/2015 Machinery at Cost account Provision for depreciation account Disposal account Please help im so lost!!