Peggy See acquired the following assets:

i Office furniture was purchased for cash on 31 July 2021 for $7920 ($7200 + $720 GST) with a 10% p.a.

straight line depreciation rate.

ii Machinery was purchased for cash on 31 January 2022 for $52 800 ($48 000 + $4800 GST) with a 25%

p.a. diminishing balance depreciation rate.

iii Plant was purchased on credit on 1 February 2023 (not 2022) for $42 900 ($39 000 + $3900 GST)

with a residual value estimated at $6600 ($6000 + $600 GST) and a 30% p.a. diminishing balance depreciation rate.

Prepare:

a. a time line to 30 June 2024

b. appropriate depreciation worksheets to 30 June 2025

c. the balance day adjustment journal for depreciation for 30 June 2023

d. an extract income statement for the year ended 30 June 2024

e. an extract balance sheet as at 30 June 2025.