=+Less Provision for Bad Debts Cash at Bank and in hand 5,350 200 5,150 685 8,935

£25,835 £25,835 On each of the fixed asset accounts in the books of the firm the "cost"
is brought down at the end of the year as a debit balance, and the "total depreciation to date" is brought down as a credit balance.
Depreciation is charged "Straight Line" as follows:
Freehold Buildings 2%
Plant 10%
Motorcars 20%
Depreciation is charged in the year of purchase, but not on assets sold or scrapped during the year.