BOn Ist January 2015 Hamraj Ltch pre purchasedfrom brijesh Ltd a machinery costing 28,00,000an installment basis, payable as followsAmtOn 1st January 2015 200,000on 1st July 20152,00,000on 1st January 2016 2,00,000On 1st July 20162,00,000The company spent 20,000 on transportationand installation of the machinery It wasdecided to provide for depreciation on the straightbne method useful life of the machinery wasestimated a 5 years. It was estimated thatat the end of the useful life realisable value ofthe machinery would be 24000 anddismantling cost of machinery to be paid bycompany was estimated at 4000.The machinerywas destroyed bey fire on 31st Dec, 2018 andan insurance claim of 100,000 was admittedby insurance company Prepared machineryAccount, accumulated depreciation Account and machinerydisposal for the year 2015-2018assuming that the company closes its bookon 31st December​