Required
Calculate the annual depreciation charge for the property for the year ended 31 March 20X2. 

A company purchased a property with an overall cost of $100m on 1 April 20X1. The separate components of the property are made up as follows: Land and buildings (Land element $20,000) Fixtures and fittings Lifts $000 65,000 24,000 11,000 100,000 Estimated life Land: indefinite Building: 50 years 10 years 20 years