The profit and loss account of Amalgamated Retailers plc, for the year ended 31 March 2006, showed a net profit of £2 640 000. In arriving at this figure, depreciation was charged as follows:

During the year the business purchased new computerised cash registers for all its branches at a total cost of £500 000 and spent £850 000 on acquiring the freeholds of several new shops, all of which started trading during the year. The tax written down value of the shop equipment at 1 April 2005 was £210 000.
The business always claims all possible allowances and reliefs at the earliest opportunity.
The taxable profit would be as follows:

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Shop premises Shop equipment 120 000 85 000