I need help with the following:

Task 1 - Asset register and depreciation schedule

Merinda Homewares purchased one capital asset during the 2023 financial year*. This was the purchase of new office equipmentfor $44,000 (incl. GST) on 31 December 2022.

The office equipment has an expected life span of 4 years. According to the ATO the depreciation rate of this equipment is 50%.

Using the Asset Register and Depreciation Schedule,complete the following tasks:

1. Prepare the Asset Register card for the new purchase.
2. Provide an Asset Number for the new purchase.
3. Refer to section 13 of Merindah Homewares Policy & Procedures. Type the correct method in the "Depreciation Method" for the office equipment on the asset register card.
4. Using the depreciation schedule in the spreadsheet, calculate depreciation expense from the 2023 to 2027 financial year (5 financial years in total).
5. Prepare journal entries to record the purchase and depreciation of office equipment for the following:
   1. 2023 Financial Year
   2. 2024 Financial Year
   3. 2025 Financial Year until the date of Sale (as per part 5 below)
6. Entries should be recorded in the General Journal section of the spreadsheet.
7. Prepare journal entries to record the sale of the office equipment on 31 December 2024 for $19,800 cash (inclusive of GST). These entries must also be recorded in the General Journal section of the spreadsheet.
8. Complete the disposal details in the asset register card.

The templates are shown in the image below:

Asset register card Asset details Asset number Purchase date Cost price Depreciation method Expected useful life (years) Expected residual value Depreciation rate Date of disposal Proceeds of disposal Book value at date of disposal Gain or loss on disposal Depreciation schedule Opening Written Depreciation Down Value Charged Period ended 6/30/2023 6/30/2024 6/30/2025 6/30/2026 6/31/2027 General Ledgers Office Equipment Description Accumulated Depreciation Closing Written Down Value Credit Balance Description Credit Balance Disposal Description General Journal Date Description Debit Credit