# The Building Societies (Accounts and Related Provisions) Regulations 1987, Paragraph 8


(1) Subject to any provision for depreciation or diminution in value made in accordance with paragraph 9 or 10 below, the amount to be included in respect of any fixed asset shall be its purchase price unless it is valued in accordance with paragraph 14 below.
(2) In this Schedule “fixed asset” means an asset which falls to be classified as a fixed asset in a balance sheet.

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Source: https://www.legislation.gov.uk/uksi/1987/2072/schedule/5/paragraph/8 (the official version)
Page: https://openlegislation.uk/building-societies-accounts-and-related-provisions-regulations-1987/schedule-5/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.