Fixed Assets & Depreciation At $31$ July $20$X$6,$ Helios International had non$-$current assets which had cost $$310,000.$ At the same date, the accumulated depreciation on the assets was $$120,000.$ The company had not disposed of any non$-$current assets during the year to $31$ July $20$X$7,$ but acquired an asset at a cost of $$79,200$ on $1$ January $20\backslash$times $7.$ Helios International depreciates non$-$current assets at a rate of $25\%$ per annum. What is the company's depreciation charge for the year to $31$ July $20\backslash$times $7$ using: a$.$ The straight line method b$.$ The reducing balance method Assume that depreciation is charged from the first year of acquisition. $(25$ marks$)$