http://www.legislation.gov.uk/id/uksi/1993/98

PART IVVALUATION OF ASSETS

Equipment25.

(1)

The value of any computer equipment of a society—

(a)

in the financial year of the society in which it is purchased, shall not be greater than three-quarters of the cost thereof to the society;

(b)

in the first financial year thereafter, shall not be greater than one-half of that cost;

(c)

in the second financial year thereafter, shall be not greater than one-quarter of that cost; and

(d)

in any subsequent financial year, shall be left out of account for the purposes for which this Part of these Regulations applies.

(2)

The value of any office machinery (other than computer equipment), furniture, motor vehicles and other equipment of a society, shall be, in the financial year of the society in which it is purchased, not greater than one-half of the cost thereof and shall be, in any subsequent financial year, left out of account for the purposes for which this Part of these Regulations applies.