The following balances appear in the books of Crystal Ltd, on Jan 01, 2015 `{:(,Rs.),("Machinery account on " , "15,00,000"),("Provision for depreciation account ","5,500"):}`
On April 01, 2015 a machinery which was purchased on January 01, 2012 for `Rs`. 2,00,000 was sold for `Rs`. 75,000. A new machine was purchased on July 01, 2015 for `Rs`. 6,00,000, Depreciation is provided on machinery at `20%` p.a. on Straight line method and books are closed on December 31 every year. Prepare the machinery account and provision for depreciation account for the year ending December 31, 2015.