2015 Ministry of Justice annual report - our financial performance [pdf, 1.2 MB]
...are depreciated over the unexpired period of the lease or the estimated remaining useful lives of the improvements, whichever is the shorter. The residual value and useful life of an asset is reviewed at each financial year end and adjusted, if applicable. DISPOSAL OF PROPERTY, PLANT AND EQUIPMENT Gains and losses on disposals are determined by comparing the disposal proceeds with the carrying amount of the asset. Gains and losses on disposals are included in the surplus or deficit....