Valerie runs a small delivery business. She has a van that she replaces every four years. On 1 January 20X3 she sells her old van for £2000 and buys a new one for

£14 460. She expects to be able to sell it for approximately £4000 in four years time.

Assuming that Valerie adopts the straight-line method of depreciation in her accounts what is her depreciation charge for the accounting year ending 31 December 20X3?

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