A trader depreciates his vehicles at 20% per annum using the straight-line method with proportionate depreciation in

Question:

A trader depreciates his vehicles at 20% per annum using the straight-line method with proportionate depreciation in the year of acquisition. In addition to the fleet acquired in previous years for £180,000, he acquired a vehicle on 1 May 2011 for £60,000. Calculate depreciation for the year ended 31 December 2010.