X Ltd purchased a machinery on $1$ April $2017$ for Rs$.6,00,000/-$ by issuing a cheque. It has estimated life of $5$ years with an estimated scrap value of Rs$.1,00,000/-$ The company has a policy to charge depreciation at end of every accounting year on $31*$ March on straight line basic. Calculate amount of depreciation to be charged and prepare machinery account for $5$ years commencing from $1$ April $2017.$