On January 01, 2014 Ash Computer Co. purchased 3 Computer for Rs.25,000 each. Depreciation has been provided at the rate of 10% p.a. under Straight Line Method and accumulated in provision for depreciation account. On January 01, 2015 one Computer was sold for Rs.12,000. On July 01, 2016 another Computer (purchased for Rs.25,000 on Jan 01, 2014) was sold for Rs.14,000. A new Computer costing Rs.35,000 was purchased on October 01, 2016.
You are required to prepare Computer Account, Provision for Depreciation Account and Computer Disposal Account for the years ended on December 2014, 2015 and 2016 assuming that the firm closes its accounts in December every year.