12. On July 01, 2011 Ashwani purchased a machine for ₹2,00,000 on credit.

Installation expenses ₹25,000 are paid by cheque. The estimated life is 5 years and its scrap value after 5 years will be ₹20,000. Depreciation is to be charged on straight line basis. Show the journal entry for the year 2011 and prepare necessary ledger accounts for first three years.