A limited has purchases Machine at 1 January 2021 with following transactions. 11. List price Rs 500,000 12. Trade discount Rs. 30,000 13. Early settlement discount / cash discount = Rs. 20,000 14. Transportation cost to bring machine in premises Rs. 10,000 15. Installation charges Rs. 5,000 16. During transportation, transportation vehicle got an accident and repair on vehicle Rs. 4,000. 17. During Installation, there is a damage of machine and repair cost Rs. 2,000. 18. Trail running cost / start up cost Rs. 10,000. 19. Useful life 5 Years 20. Salvage value Rs. 20,000 Required: Calculate 1. Initial cost to be capitalized. 2. Depreciation expense under: d. Straight line method e. Reducing balance method f. Sum of year digit method 3. At 30 June 2023, machine disposed at a value of Rs. 145,000. Calculate gain or loss on disposal