Fixed Assets & Depreciation

At $31$ July $20$X$6,$ Helios International had non$-$current assets which had cost $$310,000.$ At the

same date, the accumulated depreciation on the assets was $$120,000.$ The company had not

disposed of any non$-$current assets during the year to $31$ July $20$X$7,$ but acquired an asset at

a cost of $$79,200$ on $1$ January $20$X$7.$

Helios International depreciates non$-$current assets at a rate of $25\%$ per annum.

What is the company$$s depreciation charge for the year to $31$ July $20$X$7$ using:

a$.$ The straight line method

b$.$ The reducing balance method

Assume that depreciation is charged from the first year of acquisition.