depreciation

I've been thumbing through an old companies accounts and am trying to wrap my head around my accountant's calculations for fixed asset depreciation.

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We recently purchased some IT equipment for our Academy which included a 5 year warranty. The total costs have been posted to Fixed Assets.   Our policy is to depreciate IT equipment  "straight lin

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Currently preparing stats for an audit exempt limited company with Freehold building as an asset which the business operates from.

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Hello

 

We have recently carried out a major repair to one of our main fixed assets. It was about £15k so not coppers

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Assuming a new UK small business that has spent a £100k on capital to set up. As we know, the AIA allows for £25k of offsets (assume this business is setting up now thus after 1 April 2012).

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Having taken over some jobs from a previous accountant I was surprised at the different depreciation methods used.  I personally always attach residual values to motor vehicles and expensive plant

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How do you depreciate a Lease Renewal payment. Say, if the house is depreciated over a 50 year period and the lease is renewed for 100 years.

 

Hi I have a quick question, am I right to say that depreciation can't be charged until the asset is in use?

Thank you

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Hi, Some assistants on this would be appreciated.

 

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