A little accounting help please

mustsaveharder

Hi all,
I'm a little new to all of this so please bear with me!

I run a very small business (sole trader) and have just been doing my accounts from Nov 2012 to date ready to do my self assessment asap. I've been using the program Abacus Accounts which has been a godsend and am now up to date. The only issue I'm having is with working out depreciation.

I've bought a small number of essential items since starting and have made a spreadsheet to document each along with its cost. The items are:
Computer
Tripod & Tripod head
Desk chair
Digital SLR camera
Survey stakes
Measuring wheel
Drawing tablet
Printer
Hard drive
iPad Air

So not too many thing really but how do I calculate depreciation on these? I'm getting a bit confused with all of the terminology and working out how long each item's 'Useful Life' should be.

Hope that's enough information, any help greatly received.

Suarez

If you dont know the exact life use reducing balance at 25%. If you equipment cost 10,000 depreciation would be 2500 in your first year. 2nd year you would do 25% of 7500 and so on.

Also, depreciation is a non allowable expense but capital allowances can be claimed.

Percy1983

Can you not just put the lot in your annual investment allowance?

mustsaveharder

Thanks for the advice. The AIA seems to be the way to go, I wasn't aware of that. Will do some more research into it.

Thanks again