(Ans. : Balance of Machinery A/c 4,45,000 Loss on sale of machinery 21,250) x X Ltd. has imported a machine on 1st July 2017 for 1,28,000, paid customs duty and freight 64,000 and incurred erection charges 48,000. Another local machinery costing? 80,000 was purchased on January 1, 2018. On 1st July 2019, a portion of the imported machinery (value one-third) got out of order and was sold for *27,840. Another machinery was purchased to replace the same for 40,000 on 1.7.2019. Depreciation is being provided @ 20% p.a. on original cost of the Machinery. Show Machinery account for 2017, 2018 and 2019 ending as on 31 Dec. each year. (Ans. Balance of Machinery A/c as on 31st Dec., 2019 = 1,64,000)