... 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 ... B 1.1.X5 cost $70 ,000 Depreciation charge = 7 $7, 000 $70 ,000− = $9,000 ⇒ NBV after two years 31.12.91 = $52,000 Useful life revised to three years ⇒ Depreciation = 7 $7, 000$52,000− ... Overdraft 75 Payables 1,600 Tax payable 350 (2,025) Net assets 3, 575 6 C (2/3 x 79 8.0) + 898.80 + 814.80 + 840.0 + (1/3 x 966.0) 57 Study Period 27 continued...