Calculate backlog depreciation at 31 December 2018 for the plant and equipment, the details of which are given in Question 32.5A.

Data From Question 32.5

The plant and equipment, details of which are given in Question 32.4, is depreciated on a straight line basis at 12% per annum. The depreciation charge is based on year-end values. What is the current cost depreciation charge for the year ended 31 December 2018, if the index at that date is 180?

Data From Question 32.4

Plant and equipment was purchased on 1 January 2016 for £64,000, when the relevant specific price index was 80. What is the current cost value of the asset at 31 December 2017 if the index at that date is 120?