9.4 Leisure Fitness Ltd started in business on 1 January 2009, its financial ear ending 31 December. The companv ourchas

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9.4 Leisure Fitness Ltd started in business on 1 January 2009, its financial ear ending 31 December. The
companv ourchased its titness equioment as follows.
Year
Date of Purchace
2009
2010
2011
2012
1-Jan
20-Oct
15-Feb
20-Nov
20-Mar
15-May
Amount ($)
80,000.00
100,000.00
70,000.00
50,000.00
100,000.00
150,000.00
The company depreciates its equipment at the rate of 10 percent per annum using the straight line
method, depreciating based on assets in existence at the end or the vear
You are required to show the following for 2009 2010 2011 and 2012
The equinment account
b) The accumulated depreciation
extracts from the income statement and the statement or financial position