14. (a) Differentiate between sinking fund method and insurance policy method of treating depreciation. Or (b) On 1st April, 2007, a limited company purchased a Machine for Rs.1,90,000 and spent Rs.10,000 on its installation. At the date of purchase, it was estimated that the scrap value of the machine would be Rs.50,000 at the end of sixth year. Give Machine Account and Depreciation Ale in the books of the Company for 4 years after providing depreciation by Fixed Installation Method. The books are closed on 31st March every year