I hold a lease on a property which is recorded as an asset on my balance sheet in the amount of £20,000.00 - at the year end, is it proper to depreciate the value of this lease in a like manner to that of other assets?

Please help me know accounting better

Help me with your own question to solve on depreciation

Not sure what accounting rules you need to follow in England but in the US it depends if you classify it as a capital lease or an operating lease