A market research company amortises a consumer database acquired for 500,000 using a units-based method, according to the number of queries. At the start of the year, accumulated amortisation amounts to 320,000. The previous year-end review showed that use of the database is no longer linked to the number of queries and that the pattern of consumption can no longer be determined reliably; the remaining useful life is 3 years, with no residual value. What is the charge for the year?
- Cost of the database
- 500,000
- Accumulated amortisation at the start of the year
- 320,000
- Remaining useful life
- 3