M/* Lokesh Fabrics purchased a Textile Machine on April 01. 2001 for Rs. 1,00,000. On July 01, 2002 another machine costing Rs. 2,50,000 was purchased. The machine purchased on April 01,2001 was sold for Rs. 25,000 on October 01.2005. The company charges depreciation @15% p.a. on straight line method. Prepare machinery account and machinery disposal account for the year ended March 31,2006.
