20. On 1st April 2016, a Company purchased 6 machines for ₹50,000 each. Depreciation at the rate of 10% p.a. is charged on Straight Line Method. The accounting year of the Company ends on 31st March and the depreciation is credited to a separate ‘Provision for Depreciation Account’.

On 1st October, 2018, one machine was sold for ₹30,000 and on 1st April, 2019 a second machine was sold for ₹24,000.

You are required to prepare Machinery Account and Provision for Depreciation Account for four years ending 31st March, 2020.