5.5 Vincenzo’s statement of financial position at 31 August 2012 showed the following balances in respect of non-current assets:

Buildings at cost 306 000 Less: accumulated depreciation (18 360)

Carrying amount 287 640 Motor vehicles at cost 48 770 Less: accumulated depreciation (16 470)

Carrying amount 32 300 Fixtures and fittings at cost 12 720 Less: accumulated depreciation (6 360)

Carrying amount 6 360 In the year ending 31 August 2013 no purchases or sales of non-current assets were made.

Vincenzo depreciates non-current assets as follows:

n Buildings: at 2% per annum on cost on the straight-line basis.

n Motor vehicles: at 25% per annum on the reducing balance basis.

n Fixtures and fittings (which were all purchased at the same time): over 10 years on the straight-line basis.

a) Calculate the total charge to Vincenzo’s income statement in respect of depreciation for the year ending 31 August 2013.

b) Show how non-current assets will be presented in Vincenzo’s statement of financial position at 31 August 2013.