As part of a major expansion, the business bought on credit equipment at a cost including installation of $77 968 ($70 880 + $7088 GST). Installation and commissioning were completed on 1 February 2022.

Depreciation is at 28% p.a. using the diminishing balance method.

Prepare:

a a time line to 30 June 2023 b the depreciation worksheet to 30 June 2026 c relevant extract general ledger accounts to 30 June 2023, and d an extract income statement for the year ended 30 June 2024.