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A seven years lease has been purchased for a sum of 6 0 , 0 0 0 and it is proposed to depreciate it under

A seven years lease has been purchased for a sum of 60,000 and it is proposed to depreciate it under the annuity method charging 4% interest. Reference to the annuity table indicates that the required result will be brought about by charging annually 9996.55 to depreciation account. Show how the lease account will appear in each of the seven years.
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