Silvertree Accounting Services

Silvertree Accounting Services At Silvertree Accounting, we pride ourselves on providing professional and cost effective accounting services of the highest standard.

25/04/2015

Connor

Connor is working on his non-current asset register. He lost the information and is rebuilding it from the source documentation. The company policy is to depreciate fully in the year of purchase and not in the year of disposal. Computers are depreciated in a straight line over 3 years with a residual value of 10% of original cost. Vehicles are depreciated at 17% diminishing balance.

Connor has identified the following non-current assets and their purchase price and dates:

Laptop £560, 31/3/13
Tablet £370, 18/5/14
Desktops x 3 @ £480 each, 01/12/12
Van £8,600, 14/08/11
Van £10,560, 23/10/13

How much will be charged to the income statement for depreciation for the year ending 28 February 2015?

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