Kapil Ltd. purchased a machinery on July 01, 2011 for `Rs.` 3,50,000. It purchased two additional machines, on April 01, 2012 costing `Rs.` 1,50,000 and on October 01,2012 costing `Rs.` 1,00,000. Depreciation is provided @`10%` p.a. on straight line basis. On January 01, 2013, first machinery become useless due to technical changes. This machinery was sold for `Rs.` 1,00,000. ` 1,00,000. prepare machinery account for 4 years on the basis of calendar year.

Explanation

Loss on sale of machine `Rs.` 1,97,500.
Balance of Machine account as on 31.12.14 `Rs.` 1,86,250