5.5 Vincenzo’s statement of financial position at 31 August 20X3 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 ended 31 August 20X4 no purchases or sales of non-current assets were made.

Vincenzo depreciates non-current assets as follows: