On 6 January 2011 £580,000 was paid for a property. The amount includes £20,000 for a building located in the property but in a state of disrepair. The building was refurbished at a cost of £30,000 and is used as a store. The expectation is that the building could remain in use for ten years. In the meantime, because of an urban revival programme the property’s value is estimated at £800,000 as at 31 December 2011. Assuming the use of the straight-line method, the amount of depreciation in 2011 should be:

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a None b £2,000 c £5,000 C d £58,000