A business which prepares its accounts annually to 31 December purchased a new motor van on 1 July 20-4 costing £15,000.

It is anticipated that the van will be kept for four years and depreciation is to be calculated at 40 per cent on the reducing balance method. In the first year, depreciation is to be calculated according to the number of months owned.

You are required to show the calculations for depreciation for each year, from the year of purchase to the year ending 31 December 20-7.