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A business has taken out an annual licence at a cost of 4,496 which covers the period 01/08/X1 to 31/07/2. Their year end is 28/02/2.

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A business has taken out an annual licence at a cost of 4,496 which covers the period 01/08/X1 to 31/07/2. Their year end is 28/02/2. What is the value of the prepayment adjustment required at 28/02/X2? (Round to the nearest whole numben (Enter the value with no f sign, comma or decimal places)

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