Petford plc prepares accounts to 31 December each year. On 1 January 2019, the company acquired a non-current asset at a cost of £256,000 and decided to depreciate this asset on the straight-line basis over a five-year period, assuming a residual value of £nil. The depreciation allowed for tax purposes with regard to this asset in the first five years of ownership was as follows

The company's pre-tax profit (after charging depreciation) was £500,000 for the year to 31 December 2019 and this remained at a consistent £500,000 per annum for each of the next four years.

The company's pre-tax profit (after charging depreciation) was £500,000 for the year to 31 December 2019 and this remained at a consistent £500,000 per annum for each of the next four years.

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year to 31 December 2019 year to 31 December 2020 year to 31 December 2021 year to 31 December 2022 year to 31 December 2023 £ 102,400 38,400 28,800 21,600 16,200