SOLUTION REQUIRED ASAP.

QI. On March 1, 2019 MAGNINE Inc. purchased a machine having a list price of Rs. 1,000,000 subject to trade discount of 5%. The credit term was agreed 5/15,n/120. MAGNINE Inc. paid amount on 9th March, 2019 along with 10% sales tax on machine Following Expenditure also occurred May 10, Paid Rs. 8,000 for transportation May 11, Paid foundation cost of Rs. 24,000 May 12, Paid installation charges of Rs. 11,000 May 15, Paid Rs 80,000 for six years of fire insurance policy May 17, Paid Rs. 12,000 for Oiling and fueling May 17, Paid Rs. 26,000 for major overhauling and replacement of parts to enhance the efficiency of the the machine May 20, paid Rs. 9,000 for test run Life of machine is 12 years with Rs. 65,000 estimated scrape value, after successful working of machine on May 20 MAGNINE Inc. paid additional rs. 25,000 for oiling and fueling. MAGNINE Inc. closes the accounts each year at Dec 31st. (10) Required: a) Calculate the cost of machine b) Calculate the depreciation for the year 2019 and 2020 using straight line method c) Calculate the depreciation for the year 2019 and 2020 using diminishing balance method with 20% depreciation each year d) Pass adjusting entries for both the method (Each year) e) Calculate the book value of machine on 1st Jan, 2021