On January 01, 2015, Khosla Transport Co. purchased five trucks for `Rs.` each. Depreciation has been provided at the rate of `10% `p.a. using straight line method and accumulated in provision for depreciation acount. On January 01, 2016, one truck was sold for `Rs.` 15,000 . On July 01,2017 , another truch (Purhcased for `Rs.` 20,000 on Jan, 01, 2014) was sold for `Rs.` 18,000 . . A new truck costing `Rs.` 30,000 was purhcased on October 01, 2016. You are required to prepare trucks account, Provision for depreciation account and Truck disposal account for the years ended on December 2015, 2016 and 2017 assuming that the firm closes its accounts in December every year.

Explanation

Working Notes
`{:("Calcultion of amount of depreciation",Rs.),("Year-2015 10% "on"Rs. 1,00,000 for one year","10,000"^(1)),("Year-2016 10% "on" Rs. 80,000 for one year" ,8000^(2)),("Year-2017 10% "on" Rs. 60,000 1 year","6,000"),("10% on Rs. 20,000 for six months" ,"1,000"),("10% "on" Rs. 30,000 for three months" ,underline 750),(, underline"7,750"^(3)):}`
`{:("Losse on sale of first truck",),("Original cost on January 01, 2015", "20,000"),("Less depreciation at 10%" , underline "(2,000)"),("Book value on January 1,2016","18.000"),("Sales price realised on 01.01. 2016",underline "(15,000)"),("Losse on sale of first machine", underline "3,000"^(4)):}`
Depereciation , Provisions and Reserves
(3) `{:("Profit on sale of second truck", ,Rs.),("Original Cost of second truck",,"20,000"),("(Less) depreciation charged" ,,),(2015,"2,000",),(2016,"2,000",),("2017(upto June, 2016)",underline "1,000",underline"5,000"),("Book valur of second truck",,"15,000"),("Sale price of second truck" , , underline "18,000"),("Profit on sale ",,underline "3,000"):}`