On 1st April, 2006, Machinery Account showed an opening balance of Rs. 2,57,000 in the books of a firm. The firm provides depreciation @ 15% per annum on Diminishing Balance Method.

A machinery, purchased for Rs. 45,000 on 1st April, 2002 was sold on 30th June 2006 for Rs. 14,700. Another machine which was purchased for Rs. 18,700 on 30th September, 2003 was discarded as obsolete on 31st January, 2001. On 1st March, 2007 a new machine was purchased for Rs. 25,000.

Prepare Machinery Account for the year 2006-07 giving various calculations.