Non-current assets for a business, Financial Accounting

WyseFinance maintains a non-current asset register for recording information for non-current assets for a business. The business is registered for VAT.

The following is a purchase invoice received by WyseFinance:

To: WyseFinance Unit 10, Southend End Trading Estate South Grove SG26 4PZ	Computer Shop plc 12 Sanger Lane South Grove SG20 7NX		Date: 15 Dec 2011
PACER 6012 Computer	Serial number 98761MIT	1	1,100.00
Delivery		1	25.00
Warranty for 2 years		1	130.00
Insurance for one year		1	85.00
VAT @ 20%			225.00
Total			1,565.00
Settlement terms: strictly 30 days net

The following information relates to the sale of a vehicle:

Registration number	CD11 FTH
Date of sale	10 August 2011
Selling price excluding VAT	£4550.00

WyseFinance has a policy of capitalising expenditure over £575.
Vehicles are depreciated at 25% on a reducing balance basis.
Computer equipment is depreciated at 33.33% on a straight-line basis with no residual value.
Non-current assets are depreciated in the year of acquisition but not in the year of disposal.

Record the following information in the non-current assets register below:

(a) Any acquisitions of non-current assets during the year ended 31 December 2011

(b) Any disposals of non-current assets during the year ended 31 December 2011

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