$.$ The Chennai Municipal Corporation replaces part of its existing water mains

with larger mains at the cost of Rs$.75,00,000.$ The original cost of laying the

old mains was Rs$.15,00,000$ and the present cost of laying those mains would

be three times the original cost. Rs$.1,25,000$ was realised by the sale of old

material and old materials of Rs$.3,75,000$ were used in the replacement and

included in the cost given above. Give the journal entry to record the above and

show the allocation of the expenses between revenue and capital along with

replacement acco