A plant is purchased for Rs. 60,000 on 1st January, 2005. It is estimated that the residual value of this plant at the end of its working life of 10 years will be Rs. 20,920. Depreciation is to be provided at 10% per annum on diminishing balance method.

You are required to show the Plant Account for 4 years, assuming that the books are closed on 31st December every year.