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What is the depreciation charge to the statement of profit

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At 1 Jan 20X8 a company held non-current assets that cost £316,000 and had accumulated depreciation of £123,000 at that date. During the year ending 31 Dec 20X8, the company disposed of a non-current assets which had originally cost £39,000 and had a carrying value of £3,600.

  • The company's depreciation policy is to charge depreciation of 30% on the reducing balance basis, with no depreciation charged in the year of disposal.

Problem 1: What is the depreciation charge to the statement of profit or loss for the year ended 31 Dec 20X8?

A. £46,200
B. £83,100
C. £56,820
D. £57,900

Reference no: EM132823426

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