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