S & Co. purchased a machine for Rs.1,00,000 on 1.1.2011. Another machine costing ` 1,50,000 was purchased on 1.7.2012. On 31.12.2013, the machine purchased on 1.1.2011 was sold for ` 50,000. The company provides depreciation at 15% on Straight Line Method. The company closes its accounts on 31st December every year Estimate Deprecation amount & Profit & Loss a/c & provision for Depreciation A/c