32. A Lease of Land was acquired on 1st January 1985 at a cost of Rs. 30,000. It was decided to depreciate it under the annuity method at 5% interest. Annuity tables show that at 5% Re. I over 5 years is equivalent to Re. 0.230975 annually. Write up the lease account for 5 years. (Madras, B.A. Economics Nov. 2006; Periyar B.Com. May 2005 2/10 Figs; April 2004; Madras, B.B.M., March 1997] [Ans: Annual depreciation = Rs. 6,929.25 30,000 0.230975) 33. A Lease is purchased on 1st January 1990, for a term of 5 years on payment of Rs. 40,000. It is proposed to depreciate the lease by the annuity method charging S per cent interest. If annuity of Re. I for 5 years at 5% is Re. 0.230975, show the lease account for the full period