someone answered my question on chegg and I have posted their answer below along with my previous question and post. My question is based on their answer (I couldnt comment below so I an posting again).

so how does equipment hiring expense come under depreciation?? I mean in my answer I had given it as an operating expense in income statement ?? i dont undertsand . Please explain how i should account for equipment hiring expenses.

i just need income statement and balance sheet this?? Proprio Meally Name Muscle Descriptio Oy The wing Ale Say Spies Gym Bank Loan (2007) Account Ple d) SOL SA 3 3 59,172 Oy AcRec Cah Al 512,750 5 10 Pull Generalne 2- fees. A hef 4. Payment to A Pya SPA Jun Payable 8 52,172 2. Ju Gyfoes. A S1314 Roth 1.500 $1413 Ju Gyf. 51456 Sing 56749 $1,178 30.105 Supplies Motor While 15. Gyfoes. A 15 5122 - SC 5195 10. Jus Cyfresh www by 577515 $1,178 16 Roche $1,55518 17. Receive Payment from Ju Accu Jun Sunday 2018 594320-Jun Mehefs. $1,17823 Age 5131623- Men fees 23. Adalah Jus contributed by own 23- Advertising Epe Ju Acco 26 Safe.Ch 27. Advertising Jun Cash 068 27- 5460 5486 27-Jur Sundry Com This business w pached 1 June You are required to prepare any Into the period acting the balancing You will be refer to the Alam The rent and inceperiod tartalla Showthree types of my ve received Unless otherwise indicated to the Account Receive for all the follo Your Balance Sheet who show CUTE Suat day Income Statement for lune 10 Formula calculation $ Particulars Revere Oymfees Squaes Fees Membership Fess 6.900 5.157 16,161 -782-1456+1231-775 13744341321052068 2262390 541 1.170 452 5.049 -21722/4) -3509/3-1) 257-195 -1178+117811781178.337 Expenses Insurance Expenses Rent Expenses Vehicle Expenses Wages Sundry Expenses Advertising Expenses Printing Supplies Depreciation interest Expenses Total Expenses 2.230 644 967 204 11,674 544 574310 204 Net Profit 4,07 Asset $ Current Assets 15.29 18.00 501 1.16 -12799-2172-3509-3056-979-874-429-257-1173-2305-322-195+1231-409-1178 386+1555-1633-243-2787-1178-3316+2390 4022068-451-436-172-1178 17500+782-1370-3413-77-1558-1683 4374322385-664 -2172/443500/12 Cash Trade Receivable Stationery Inventory Prepaid Expenses Non Current Assets Equipment Motor Vehicle Accumulated Depreciation 22.30 -2127625402 -967 457.510 90,00 Current Liability Accounts Payable Outstanding Expenses 9,24 337 5172-979-625-6624656 137 Non Current Liability Bank Loan 24.725 Equity Capital Retained Earning P/L Bal) 53269-429-623+3316 55,707 4.687 94.6.80 Notes 1)As stated in question all income considered received in cash unless specifically not stated anything else. 2it is assumed motor vehicle expenses is revenue in nature. 3) Wages for 2 days2th and oth june shall be outstanding (1178/7*2 $337/- Assumed difference in opening considered as capital account balance as opening of $53,209. 5) Depreciation on Gym Equipment (21,27+625402-5856//125457 Depreciation on Gym Motor Vehicle (34.992-4395/5/12 = 5510 7) Interest on loan (24,52110%/12) $ 204 Rounded off) added to loan account and assumed no any dues paid