HC Deb 04 November 1999 vol 337 c286W
Mr. Maclean

To ask the Secretary of State for Trade and Industry if he will list the methods of depreciation his Department will apply in the current financial year to fixed assets in the preparation of departmental resource accounting balance sheets. [96913]

Dr. Howells

The method of depreciation of fixed assets used by this Department is to use a calculated rate which will write off the valuation of the asset by equal instalments over its estimated useful life after allowing for any residual value. This method is in accordance with the Treasury's Resource Accounting Manual which is underpinned by Financial Reporting Standard 15, "Tangible Fixed Assets", issued by the Accounting Standard Board.