A company purchase a Machine of rs 60000/- on 1-1-2011. On 1-7-2012 company purchase another machine of rs 45000/-. On 1-10-2014 company sold second machine by 23500/- and purchase another machine of rs 35000/-.

Prepare machinery account for first four years. Company charged depreciation @ 20%PA by diminishing balance method. Accounts will be closed by 31 Dec. every year.