On June 17, 2013, computer equipment was purchased that cost Rs. 50,000, has a useful life of 10 years and a salvage value of Rs. 5,000. During 2016, new technology was introduced and the current technology started becoming outdated so the useful life was revised to 5 years total. Depreciation expense is calculated to the nearest full month using straight line method.

A.What will be the depreciation expense for the first year?

B. What will be the accumulated depreciation till the year ended December 31, 2015?

C. What will be the depreciation expense for the year ended December 31, 2016, using the straight-line method?

D. If the replacement cost of the asset changes to Rs. 20,000 during the year 2016 due to change in technology, what will be the entry to record the impairment of the asset?