A Noida based Construction Company owns 5 cranes and the value of this asset in its books on April 01, 2017 is `Rs.` 40,00,000. On October 01,2017 it sold one of its cranes whose value was `Rs.` 5,00,000 on April 01,2017 at a `10%` profit. On the same day it purchased 2 cranes for `Rs.` 4,50,000 each.
Prepare cranes account. It closes the books on December 31 and provides for depreciation on `10%` written down value