§ Mr. MacleanTo ask the Minister for the Cabinet Office what methods of depreciation her Department will apply in the current financial year to fixed assets in the preparation of departmental resource accounting balance sheets. [97041]
§ Marjorie MowlamIn the preparation of the 1999–2000 Cabinet Office resource account, depreciation will be provided on a straight line basis calculated to write off the valuation of fixed assets over their estimated useful lives. The method of depreciation is in accordance with the Treasury's Resource Accounting Manual, the requirements of which are underpinned by Financial Reporting Standard 15 'Tangible Fixed Assets', issued by the Accounting Standards Board.