AssetsDateDurationAmountResidual valueBMW$1/1/20115$ years$28,000$NilMachinery$31/3/201110$ years$60,00016,000$Toyota$2/9/20125$ years$45,000$NilMachinery$5/6/201310$ years$38,0008,000$The accounting year ends on Dec $31$ and assets are depreciated using the straight$-$line method.You are required to prepare for the $3$ succeeding years:a$)$ Assets account$*$ Provision for depreciation account$*$ Profit & Loss Account $($extract$)*$ Statement of Financial Position $($extract$)$