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Changes over time for: Paragraph 18
Timeline of Changes
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Version Superseded: 06/04/2008
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Point in time view as at 06/04/2004. This version of this provision has been superseded.
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Changes to legislation:
There are currently no known outstanding effects for the Companies Act 1985, Paragraph 18.
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18In the case of any fixed asset which has a limited useful economic life, the amount of—
(a)its purchase price or production cost; or
(b)where it is estimated that any such asset will have a residual value at the end of the period of its useful economic life, its purchase price or production cost less that estimated residual value;
shall be reduced by provisions for depreciation calculated to write off that amount systematically over the period of the asset’s useful economic life.
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