Prudential Regulation Authority Rulebook

11.1

The value of any computer equipment of a firm:

1. (1) in the financial year of the firm in which it is purchased, must not be greater than three-quarters of the cost thereof to the firm;
2. (2) in the first financial year thereafter, must not be greater than one-half of that cost;
3. (3) in the second financial year thereafter, must be not greater than one-quarter of that cost; and
4. (4) in any subsequent financial year, must be left out of account for the purposes of this Part.

11.2

The value of any office machinery (other than computer equipment), furniture, motor vehicles and other equipment of a firm, must be, in the financial year of the firm in which it is purchased, not greater than one-half of the cost thereof and must be, in any subsequent financial year, left out of account for the purposes of this Part.