... 62 ,75 0 PSR Ben 31, 375 Ted 31, 375 (62 ,75 0) – Ben's total profit share: Interest on capital (1,250 + 1,250) 2,500 Profit share (20,200 + 31, 375 ) 51, 575 54, 075 ... Depreciation charge for the year (4) NBV @ 31 December 19X9 456 Revalued amount 75 0 ∴ Revaluation reserve 294 8 B 1.1.X5 cost $70 ,000 Depreciation charge = 7 $7, 000 $70 ,000− = ... 60,000 95,000 Property, plant and equipment Freehold 75 0,000 1,230,000 Plant and machinery 320,000 370 ,000 Fixtures and fittings 105,000 90,000 The expenditure for the year on development...