A-­One Industries follows financial year as its accounting period. On 1st December 2013, the company bought five computers for a total consideration of ₹ 500,000. The company estimates the useful life of the computers to be four years with negligible residual value. The company charges depreciation on a SLM basis. In the year of acquisition and disposal proportionate depreciation is charged.

On 15th January 2015, the hard disk of one of the computer became corrupted beyond repairs and accordingly the computer was disposed of for ₹ 30,000. The company sold two of the computers on 31st July 2016 for ₹ 80,000. The other two computers are still in working condition.

1. Prepare the depreciation schedule for the years 2013–14 to 2016–17

2. Pass the necessary journal entries in the books of A­One Industries.

3. How would the remaining two computers appear in the balance sheet of the company on 31st March 2017?