OR

On $1$st Jan $2021$ Tata Transport Pune purchased four Trucks for Rs$.25,000$ each. Depreciation has been provided @ $10\%$ p$.$a$.$ using Straight Line Method.

On $1^{st}$ Jan $22$ One Truck was sold For Rs$.20,000.$ On ${15}^{th}$ July another Truck was purchased for Rs$.25,000$ in $1^{st}$ Jan $21$ was sold for Rs$.22,000.$ A new truck costing Rs$.40,000$ was purchased on ${14}^{th}$ Jan $23.$

You are requested to prepare Trucks A$/$c & Depreciation Account for the first three $(3)$ years assuming that books of accounts are closed on ${311}^{st}$ March year.