On January 01 2014, Dada Transport Co. purchased 3 trucks for Rs.15,000 each. Depreciation has been provided at the rate of 5% p.a. using straight line method and accumulated in provision for depreciation account. On January 01, 2015 one truck was sold for Rs.10,000. On July 01, 2016 another truck (purchased for Rs.15,000 on Jan 01, 2014) was sold for Rs.12,000. A new truck costing Rs.25,000 was purchased on October 01, 2016.
You are required to prepare Trucks Account, Provision for Depreciation Account and Truck Disposal Account for the year ended on December 2014, 2015 and 2016 assuming that the firm closes its accounts in December every year.