# Companies Act 1985, Paragraph 32

Extent: E+W+S+N.I.

In the case of any asset included under Assets item B (intangible assets), C.I (land and buildings), F.I. (tangible assets) or F.II (stocks) which has a limited useful economic life, the amount of —
(a) its cost; or
(b) where it is estimated that any such asset will have a residual value at the end of the period of its useful economic life, its cost less that estimated residual value,
shall be reduced by provisions for depreciation calculated to write off that amount systematically over the period of the asset’s useful economic life.

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Source: https://www.legislation.gov.uk/ukpga/1985/6/schedule/9A/paragraph/32 (the official version)
Page: https://openlegislation.uk/companies-act-1985/schedule-9A/paragraph-32
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.