A company purchased on 1st January, 1990, a Machinery for Rs. 80,000. On 1st July, 1991, it

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A company purchased on 1st January, 1990, a Machinery for Rs. 80,000. On 1st July, 1991, it purchased another Machine for Rs. 50,000 and on 1st July, 1992, it sold off the first machine purchased in 1990 for Rs. 23,000. Depreciation was provided on the machinery at the rate of 20% per annum on the original cost annually.

Give the machinery account for four years, commencing from 1st January, 1990

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