4. On 1.4.2014. a company had machmery costing Ks.230,000 with an accumulated depreciation of Re.105,000. On 31.12.2014, a fire occurred and damaged two machines of the company. Both machines were purchased on 1.10.2010. The first machine costing Re.15,000 was sold for Re.8.000 and the second machine costing Re. 12,000 was sold for Re.3,000. Two new machines were purchased on 1.1.2015 costing Re.30,000 and Re.20,000 respectively. Calculate the profit or loss made on the sale of the two machines if the company charges depreciation at 10% p.a. on (2) SLM; (b) DEM