Deprecation of assets

[Sausage Surprise]

Trying to work out the CT600 this year, the only asset that I have bought is a laptop for £911, is there a guide that show's what the deprecation should be? Or do I go to the likes of eBay and check the cost of a similar spec second hand laptop?

Depreciation

[Lumiere]

I bought a laptop 4 and a bit years ago that's now depreciated to nothing for accounts purposes. If I were to sell it, probably only £50-£100, do I still need to account for that as a sale? Or does depreciated mean I can just say that it's mine and not the company's and nobody will ever care?

Same situation but can't be bothered with selling. How do I dispose of it formally, do I need to have pictures of me throwing it into skip ?

Had a couple of laptops bought for around £300 3-5 years ago, doubt there is any value in them now, but I still have them recorded as fixed assets ..

[Zoiderman]

Same situation but can't be bothered with selling. How do I dispose of it formally, do I need to have pictures of me throwing it into skip ?

Had a couple of laptops bought for around £300 3-5 years ago, doubt there is any value in them now, but I still have them recorded as fixed assets ..

I'd be tempted to format them, loaded them with the licensed OS and then offer them to a school/kids clubs/nursery and get them to write a £0 invoice as a gift.

[Lumiere]

I'd be tempted to format them, loaded them with the licensed OS and then offer them to a school/kids clubs/nursery and get them to write a £0 invoice as a gift.

That sounds like a lot of hassle to me ..

[northernladuk]

That sounds like a lot of hassle to me ..

If it is for the kids/schools or a charity some hassle is always worthwhile.

[Clare@InTouch]

If it is for the kids/schools or a charity some hassle is always worthwhile.

Awwww have we found a soft to you NLUK? I think that's lovely

[escapeUK]

It means you should account for it as a sale, or sell it to yourself for market value - if your permi employer had an old computer you couldn't just sell it and keep the money!

Ive had permi jobs where the employer has just given away old equipment they no longer needed. When you replace a lot of computers you get a lot of old ones you dont want, and now days the recycling charity companies want you to pay them to take them away hahaha.

[Zoiderman]

That sounds like a lot of hassle to me ..

But, as they say, all for a good cause

[northernladuk]

Ive had permi jobs where the employer has just given away old equipment they no longer needed. When you replace a lot of computers you get a lot of old ones you dont want, and now days the recycling charity companies want you to pay them to take them away hahaha.

Health & Safety put the dampers on this the last places I was at. If they give you a duff PC that burns my house down the company could still be held liable for some reason or other so they just canned the whole thing and went for the asset disposal companies.