A lease is purchased on 1st January, 2006 for 4 years at a cost of Rs. 20,000. It is proposed to depreciate the lease by the annuity method charging 5 percent interest. A reference to the annuity table shows that to depreciate Re. 1 by annuity method over 4 years charging 5% interest, one must write off a sum of Rs. 0.282012 [To write off Rs. 20,000 one has to write off every year Rs. 5,640.24 i.e. 0.282012 ~ 20,000]. Show the Lease Account for four years and also the relevant entries in the profit and loss account