Assurances Pérignac complete on 1 October 20X2 the development of a claims management application, whose capitalised cost amounts to 96,000. On that date, the application is available for use; however, it will only be rolled out to claims handlers on 1 January 20X3. The application is amortised on a straight-line basis over 4 years, with no residual value. What is the amortisation charge for the year ended 31 December 20X2?
- Capitalised cost of the application
- 96,000
- Useful life
- 4