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    wiktor's Avatar
    wiktor Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Sep 10, 2009, 10:27 AM
    depreciation of fixed assets
    Hi,
    I have a few items like laptop cellphone and satnavi that I used being selfemployed and claimed FYE 50% of value in self assessment. Now I run a company and want to include them and calculate depreciation of these items. How should I do it? please help
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
    Ultra Member
    		  
    #2

    Sep 13, 2009, 05:47 AM

    Bring the Value of the Assets as it is standing now into your NEW set of books.
    At the end of the financial year calculate the
    depreciation that is allowable on these assets.
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