On April 01, 2010, Bajrang Marbles purchased a Machine for `Rs.` 1,80,000 and spent `Rs.` 10,000 on it s carriage and `Rs.` on its installation. It is estimated that its working life is 10 years and after 10 years its scrap value will be `Rs.` 20,000
(a) Prepare Machine account and Depreciation account for the first four years by providing depreciation on straight line method. Accounts are closed on March 31st every year
(b) Prepare Machine account, Depreciation account and Provision for depreciation account (or accumulated depreciation account) for the first four years by providing depreciation using straight line method accounts are closed on March 31 every year.

Explanation

Balance of Machine account on April 1, 2014 `Rs.` 1,28,000
Balance of Provision for depreciation account as on 1.04.2014 `Rs.` 72,000